SFR -4.29%: the copper & gold miner was out with a soft 1H22 result today. NPAT of $US55m was well below consensus at $US69m and an interim dividend of 3UScps was two-thirds of what analysts had expected. The numbers were largely overshadowed by the companies first update on the recently completed acquisition of MATSA mine in Spain with Sandfire taking control at the start of Feb. Sandfire expecting 26kt of copper in the 5 moths of this year out of their new asset while looking at expansion options. They also maintained guidance at the flagship DeGrussa asset.
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Thursday 28th March – ASX200 +80pts, All Time High, Retail Sales
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MM has a preference for OZL in the Copper space
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