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An update from Sheffield Resources Limited ( (AU:SFX) ) is now available.
Sheffield Resources Limited reported a record quarterly production of mineral sands, achieving 201,234 metric tonnes of concentrate, including 43,267 tonnes of zircon. The company is ramping up its mining operations towards a 16Mtpa annual rate, which has resulted in a positive operating cash flow of $25 million for the quarter. This progress, along with the repayment of a US$11 million loan, positions Sheffield well for future growth and strengthens its partnership with Yansteel.
The most recent analyst rating on (AU:SFX) stock is a Buy with a A$0.68 price target. To see the full list of analyst forecasts on Sheffield Resources Limited stock, see the AU:SFX Stock Forecast page.
More about Sheffield Resources Limited
Sheffield Resources Limited is a company involved in the mineral sands industry, with a focus on the production and sale of zircon and ilmenite concentrates. The company is engaged in the Kimberley Mineral Sands project, holding a 50% interest, and is working towards increasing its mining and production capabilities.
YTD Price Performance: 25.81%
Average Trading Volume: 173,251
Technical Sentiment Signal: Sell
Current Market Cap: A$76.99M
Learn more about SFX stock on TipRanks’ Stock Analysis page.