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An announcement from Sandfire Resources Limited ( (AU:SFR) ) is now available.
Sandfire Resources reported a slight deterioration in safety performance in the March 2026 quarter, including its first fatality at the Magdalena mine, and weaker-than-expected copper-equivalent output of 34.5kt as heavy rainfall, unplanned maintenance at MATSA and delayed access to higher grade ore at Motheo weighed on production. Despite these operational headwinds, the miner maintained FY26 production guidance within the lower half of its 149kt–165kt range and continued to invest in exploration, including progressing the Kalkaroo copper-gold project with a planned ~$70m pre-feasibility study.
The group delivered record unaudited quarterly sales revenue of $408m and Underlying EBITDA of $220m, lifting net cash to $76m after payments to Havilah and Botswanan tax authorities, underpinned by resilient commodity prices and strong by-product credits, particularly silver. Management flagged supply-chain and cost risks from Middle East tensions but still expects operating unit costs at MATSA and Motheo to remain broadly in line with prior guidance, reinforcing Sandfire’s financial resilience and strategic positioning amid macroeconomic uncertainty.
The most recent analyst rating on (AU:SFR) stock is a Buy with a A$21.00 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 an international base metals miner focused on copper, zinc, lead and associated precious metals, operating the MATSA mining complex in Spain and the Motheo copper mine in Botswana. The company targets copper-equivalent production while positioning itself on the lower half of the global copper cost curve, supported by by-product credits and an expanding project pipeline including the Kalkaroo copper-gold project in South Australia.
Average Trading Volume: 2,422,240
Technical Sentiment Signal: Strong Buy
Current Market Cap: A$8.49B
See more insights into SFR stock on TipRanks’ Stock Analysis page.