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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 concentrates at its Thunderbird Mine, with a 24% increase over the previous record. Despite this, the company faces challenging market conditions for zircon concentrate, particularly in China, which has impacted sales volumes. The company is continuing to advance its mining and processing operations, with a focus on achieving full production by the first quarter of fiscal year 2027. Financially, Sheffield maintains a cash balance of $5.2 million and has completed a share subscription agreement with Capital Metals Plc.
The most recent analyst rating on (AU:SFX) stock is a Hold with a A$0.13 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 of zircon and ilmenite concentrates. The company has a significant interest in the Kimberley Mineral Sands project, which is a key part of its operations.
YTD Price Performance: -3.23%
Average Trading Volume: 149,170
Technical Sentiment Signal: Sell
Current Market Cap: A$61.31M
See more insights into SFX stock on TipRanks’ Stock Analysis page.