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Sandfire Resources Limited (ASX:SFR)

ALERT: Price-sensitive ASX Announcement for SFR
Current share price for SFR : $21.090 3.22 (18.02%)+
Announcement
Release
23 Apr 2026 8:22AM
Price at Release
$17.870
Full Release
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Summary
Sandfire Resources Limited's March 2026 Quarterly Report highlights significant production and cost metrics for its operations, particularly focusing on the Motheo and MATSA projects. The report indicates both positive and negative shifts in metal production, with a notable decrease in copper equivalent production and an increase in zinc production. Operating costs for MATSA and Motheo rose by 14% and 19% respectively, with Motheo experiencing a slight decrease in its implied C1 unit cost. Capital expenditure across the group increased by 17%, and the financial state improved as indicated by a strong shift from net debt to net cash position. The report underscores the company's ongoing efforts to manage costs effectively while navigating fluctuating production outputs.
Key Points
  • Copper equivalent production decreased by 5%
  • Zinc production increased by 11%
  • MATSA and Motheo projects reported increases in underlying operating costs
  • Motheo's implied C1 unit cost marginally decreased
  • Group capital expenditure increased by 17%
  • Financial position improved from net debt to net cash
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.