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DeGrussa delivers another strong quarter for Sandfire

DeGrussa delivers another strong quarter for Sandfire

Photo by Bloomberg

28th July 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Copper-gold miner Sandfire Resources on Friday reported strong fourth-quarter production results from its DeGrussa mine, in Western Australia.

The company told shareholders that some 17 092 t of copper and 9 721 oz of gold was produced during the three months to June, compared with the 16 256 t of copper and 8 988 oz of gold in the previous quarter.

In the full-year ended June, the DeGrussa operation produced 67 088 t of copper and 38 623 oz of gold.

Meanwhile a total of 72 525 t of concentrate, containing 17 350 t of copper and 9 134 oz of gold was sold during the quarter, while 272 925 t of concentrate was sold in the full year, containing 65 403 t of copper and 37 148 oz of gold. Revenues for the full year reached A$533-million.

For 2018, Sandfire has targeted copper production of between 63 000 t and 66 000 t, with gold metal production expected to range between 35 000 oz to 38 000 oz.

Edited by Creamer Media Reporter

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