Sandfire Resources NL Releases September Quarterly Activities Report

  • Oct 24, 2019 AEDT
  • Team Kalkine

Sandfire Resources NL (ASX: SFR) has released its September quarterly activities report. Few highlights of the report are as below:

  • The company produced 16,730t of contained copper and 8,647 of contained gold. C1 US$0.87/lb.
  • FY 2020 guidance is narrowed to 70-72kt of contained copper and 68-40koz of contained gold; C1 costs ~US$0.90-0.95/lb.
  • Sandfire Resources completed the acquisition of MOD Resources and optimisation of feasibility study is underway.
  • Multi-pronged exploration programs continuing across greater Doolgunna Project and new exploration push in Kalahari Copper belt underway.
  • Jason Grace started as Chief Operating Officer, and Ian Kerry appointed to lead the T3 development team.
  • Cash and Deposits stood at $260.5 million (Sandfire) and $262.1 million (Group).

At AEST (12:55 PM), the stock was trading at $6.095, down by 1.852 per cent from the previous close.

 

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