Sandfire Resources Limited (AU:SFR) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Sandfire Resources Limited reported significant progress in FY24, with a 47% increase in copper equivalent production and a 40.1% rise in underlying EBITDA to $362.2 million, signaling a strong return to profitability in the second half of the year. The company also achieved a reduction in net debt by $34.0 million and established plans to further boost production by 13% in FY25, while maintaining effective cost control measures. This performance underscores Sandfire’s strategic advances, including a comprehensive exploration plan that aims to significantly increase reserves and enhance the company’s position in the market amid growing copper demand.
For further insights into AU:SFR stock, check out TipRanks’ Stock Analysis page.