SFR +0.56%: a volatile session for the copper company with weakness overnight in global peers seeing SFR on the back foot early, before a solid set of 1H25 results were digested:
- Revenue of $572.3 million, was up +37% y/y, ~1% below consensus.
- Underlying Earnings (Ebitda) of $255.2 million, up +87% y/y
- No dividend as expected.
SFR retained all key production guidance metrics for FY25 despite heavy rainfall, while they progressively increased the level of drilling activity in the highly prospective Iberian Pyrite and Kalahari Copper belts.
MM remains long & bullish SFR
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