Sandfire Resources Ends FY With Positive Net Debt Surprise -- Market Talk

Dow Jones
Jul 29, 2025

0356 GMT - Sandfire Resources finishes FY 2025 strongly, with both its Motheo and Matsa operations benefiting from higher copper and zinc grades, RBC Capital Markets analyst Kaan Peker says in a note. The miner's 4Q copper and zinc output is above market expectations, while C1 costs are below consensus forecasts. Net debt is significantly better than expected, at US$123 million versus a consensus estimate of US$189 million. That beat reflects higher sales volumes and provisional pricing adjustments, Peker says. RBC has an outperform rating and A$12.25 target on the stock. Sandfire is up 1.6% at A$11.16. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

 

(END) Dow Jones Newswires

July 28, 2025 23:56 ET (03:56 GMT)

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