Sandfire Resources Limited (ASX: SFR)

Sandfire Resources Limited is a mining and exploration company with a focus on copper exploration. The Company’s segments include DeGrussa Copper Operations, Minas De Aguas Tenidas (MATSA) Copper Operations, Black Butte Project, Motheo Copper Project and Exploration and Other.

DeGrussa Copper Operations segment consists of both the DeGrussa and Monty Copper-Gold Mines located in the Bryah Basin mineral province of Western Australia. MATSA Copper Operations consists of the Minas De Aguas Tenidas (MATSA) polymetallic mining complex in Spain, comprising three underground mines. Black Butte Project consists of the evaluation activities for the Black Butte Copper Project located in central Montana in the United States of America.

Motheo Copper Project segment consists of its development of the Motheo Copper Mine, exploration and evaluation activities in Botswana and Namibia within the Kalahari Copper Belt. The Exploration and Other segment include its exploration and evaluation activities.

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REVENUE IN AUD (TTM)

1.19bn

NET INCOME IN AUD

-117.08m

Year on year Sandfire Resources Ltd’s revenues fell -12.87% from 922.71m to 803.97m. This along with an increase in the cost of goods sold expense has contributed to a reduction in net income from a gain of 111.43m to a loss of 51.58m.