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Sandfire Resources Limited ( (AU:SFR) ) has provided an update.
Sandfire Resources reported Group copper equivalent production of 72.1kt in the first half of FY26, equivalent to 46% of the midpoint of its annual guidance, and confirmed that full-year production, cost and capital expenditure targets remain unchanged, with volumes expected to be more heavily weighted to the second half. MATSA delivered 46.4kt of copper equivalent, benefiting from higher-grade polymetallic ore and improved recoveries, while Motheo’s output fell 12% to 25.7kt due to early maintenance and reduced mobile fleet availability, though unit costs at both hubs stayed broadly aligned with guidance. The company generated unaudited quarterly sales revenue of $344 million, Underlying Operations EBITDA of $187 million and moved from net debt to a $13 million net cash position by 31 December 2025, underscoring a strengthened balance sheet. Strategically, Sandfire advanced growth options by signing a binding term sheet to earn up to 80% of the Kalkaroo copper-gold project and form an exploration alliance in South Australia, while commencing a portfolio review of the fully permitted Black Butte copper project after a positive pre-feasibility study, moves that could reshape its development pipeline and further entrench its position in key copper districts.
The most recent analyst rating on (AU:SFR) stock is a Buy with a A$21.50 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 Limited is a global copper-focused mining company operating modern mining complexes including the MATSA polymetallic operations in Spain and the Motheo copper project in Botswana. The group targets copper and associated base and precious metals, with a strategic focus on high-grade, long-life assets in prolific mineral belts such as the Iberian Pyrite Belt, the Kalahari Copper Belt, and prospective Australian provinces.
Average Trading Volume: 1,612,029
Technical Sentiment Signal: Buy
Current Market Cap: A$8.83B
See more data about SFR stock on TipRanks’ Stock Analysis page.