SFR +9%: A great day for the Copper miner following their quarterly production numbers that were solid, with first copper concentrate produced at their Motheo Copper Mine in Botswana, which they expect to ramp-up on a sustainable basis during the September Quarter of FY2024.They talked to contained copper production at Motheo that is set to increase to more than 50kt in FY2025. On the flip side, they have taken the decision to transition the DeGrussa mine to care-and-maintenance, and is now considering a number of alternatives for the mine, including closure, rehabilitation and divestment.
MM is long and bullish SFR
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