Brief: Sandfire Resources Posts HY Underlying Loss Of $36.6 Mln

Sandfire Resources

23/02/2024 01:33

Feb 23 (Reuters) - Sandfire Resources Ltd  SFR.AX :
    * HY UNDERLYING LOSS $36.6 MILLION VERSUS LOSS $19.4 MILLION
    * HY REVENUE FROM ORDINARY ACTIVITIES $417.9 MILLION DOWN 3%
    * MAINTAINED PRODUCTION, COST AND CAPITAL EXPENDITURE
GUIDANCE FOR
FY24
    * EXPECT TO RETURN THE BUSINESS TO  PROFITABILITY AND PAY
DOWN
DEBT IN THE COMING YEARS
    * WELL POSITIONED TO DELIVER MORE THAN 50% GROWTH IN COPPER
EQUIVALENT PRODUCTION FROM CONTINUING OPERATIONS ACROSS 2 YEARS
TO END OF FY25

Source text for Eikon:  ID:nASX69Q93B 
Further company coverage:  SFR.AX 

 ((Reuters.Briefs@thomsonreuters.com;))