SFR –1.23% edged lower today on production numbers that were inline with expectations, though costs edged up a touch which was a slight negative.
Financially, they’re doing well, with most metrics broadly inline with expectations;
- Reported Revenue for DecQ was US$290m vs consensus of US$294m.
- Operational EBITDA of US$153m inline with consensus of US$154m.
- Net debt of US$288m at quarter end was down 17% QoQ and a touch better than expectations.
Overall, solid numbers, all on track for the rest of FY25, just need a Copper price tailwind!
MM remains long & bullish SFR
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