Sandfire on solid footing

The company is well positioned to withstand weak copper prices thanks to the falling Australian dollar and its low-cost operations.

The warning golfers sometimes see on a round of their game was what hurt Sandfire Resources late last year when it was forced to hang out a sign reading “ground under repair”.

Just as golfers avoid a patch of grass with that warning so did investors avoid Sandfire as it was forced to repair water-damage to its primary asset, the DeGrussa copper mine in WA, after an underground flood.


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