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Sandfire Resources Limited (ASX:SFR)

ALERT: Price-sensitive ASX Announcement for SFR
Current share price for SFR : $20.580 2.44 (13.45%)+
Announcement
Release
9 Apr 2026 8:21AM
Price at Release
$18.140
Full Release
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Summary
Sandfire Resources Limited provided a preliminary operations update for the March 2026 quarter, highlighting a Group Copper Equivalent production of 34.5kt and a net cash balance increase to $76M. The company faced challenges like high rainfall affecting production at MATSA and delays in reaching higher-grade ore at Motheo. Despite these, Sandfire expects to achieve its FY26 guidance within the lower half of the range, with expected CuEq production between 149kt and 165kt. Additionally, capital expenditure guidance was reduced by $15M to $225M. The update includes unaudited financials and emphasizes the potential impact of global economic conditions on future costs.
Key Points
  • Group Copper Equivalent production of 34.5kt in Q3 FY26.
  • Net cash balance increased to $76M as of 31 March 2026.
  • MATSA faced production issues due to high rainfall.
  • Motheo's transition to higher-grade ore was delayed.
  • FY26 CuEq production expected within the lower half of guidance range.
  • Capital expenditure guidance reduced by $15M to $225M.
  • Unaudited financial information presented.
  • Economic conditions could affect future operating costs.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.