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The latest update is out from Sandfire Resources Limited ( (AU:SFR) ).
Sandfire Resources has reaffirmed its full-year FY26 copper-equivalent production guidance of 157,000 tonnes, while flagging a slightly more back‑ended production profile after a mixed first half marked by strong output at its MATSA complex and operational challenges at the Motheo project. MATSA delivered 46.4kt of copper-equivalent in the first half, broadly flat year on year and representing 48% of its annual guidance, supported by higher-grade polymetallic ore and better recoveries, whereas Motheo’s H1 output fell 12% to 25.7kt after a SAG mill grate failure, lower fleet availability and a strategic ramp-up of material movement at the A4 pit; despite this, Motheo is still expected to reach the mid-point of its 61kt CuEq guidance as maintenance is completed and higher-grade ore from the T3 and A4 pits increasingly feeds the plant. The group expects to report a net cash position of US$13 million at 31 December 2025, a sharp turnaround from net debt of US$288 million a year earlier, underpinning its capacity to fund the proposed Kalkaroo Copper-Gold Project and regional exploration should transaction conditions be satisfied, and will review non-production guidance elements ahead of its detailed December quarter report due on 22 January 2026.
The most recent analyst rating on (AU:SFR) stock is a Hold with a A$17.50 price target. To see the full list of analyst forecasts on Sandfire Resources Limited stock, see the AU:SFR Stock Forecast page.
More about Sandfire Resources Limited
Sandfire Resources is a base metals miner focused on copper and associated by-products, operating the MATSA underground mining complex and the Motheo copper project as its key production hubs. The company targets global copper and polymetallic markets and is also pursuing growth projects such as the Kalkaroo Copper-Gold Project and regional exploration in South Australia in partnership with Havilah Resources.
YTD Price Performance: 4.07%
Average Trading Volume: 1,594,192
Technical Sentiment Signal: Buy
Current Market Cap: A$8.61B
Find detailed analytics on SFR stock on TipRanks’ Stock Analysis page.