Near-Guidance Copper Production Despite Challenges
Despite facing significant challenges such as record rainfall, a major power outage in Spain, and a generational rain event in Botswana, Sandfire Resources delivered 152,400 tonnes of copper equivalent production, only 1% below the full-year guidance.
Strong Performance at MATSA and Motheo
MATSA achieved a total copper equivalent production of 94,100 tonnes in FY '25, with an anticipated increase to approximately 96,000 tonnes in FY '26 (2% increase). Motheo achieved record quarterly copper equivalent production of 16,400 tonnes in Q4, with year-on-year growth of 29%.
Impressive Financial Outcomes
Sandfire Resources achieved a group sales revenue of $1.2 billion, an underlying EBITDA of $528 million, and a $273 million reduction in net debt across FY '25, including $120 million in Q4 alone.
Exploration Success at Black Butte
The 2024-25 exploration program confirmed the extension of high-grade mineralization in the Johnny Lee lower copper zone at Black Butte, positioning the company to define the optimal pathway to realize value from the project.