Sandfire Resources Limited ( (AU:SFR) ) has provided an update.
Sandfire Resources Limited has decided to return its interest in the Alvalade Joint Venture to its partner, Avrupa Minerals, following unsatisfactory drilling results at the Sesmarias prospect in Portugal. This strategic move allows Sandfire to concentrate its exploration efforts on its wholly owned projects within the Iberian Pyrite Belt, demonstrating the company’s commitment to capital discipline and efficient project management.
More about Sandfire Resources Limited
Sandfire Resources Limited operates in the mining industry, focusing on the exploration and development of mineral resources. The company is primarily involved in the production of copper, gold, and other base metals, with a significant market focus on expanding its operations within the Iberian Pyrite Belt in Portugal.
YTD Price Performance: 14.04%
Average Trading Volume: 458
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.01B
Learn more about SFR stock on TipRanks’ Stock Analysis page.