Sandfire maintains full-year guidance
PERTH (miningweekly.com) – Copper miner Sandfire Resources has maintained its full-year production guidance for the 2020 financial year, following a strong December quarter.
The miner on Wednesday reported that copper production for the three months to December was up to 18 258 t, from 16 730 t produced in the previous quarter, while gold production also increased from 8 647 oz to 10 723 oz in the same period.
The DeGrussa copper/gold mine contributed 316 431 t of ore during the quarter under review, while the Monty copper/gold satellite project contributed a further 91 473 t. A total of 402 626 t of ore, at an average grade of 4.9% copper, was milled for the quarter, with copper recovery averaging 92.9%.
C1 costs for the quarter reduced from the 87c/lb reported in the September quarter, to 83c/lb.
Sandfire has maintained the full-year production guidance of between 70 000 t and 72 000 t of contained copper, and between 38 000 oz and 40 000 oz of contained gold, with headline C1 cash costs expected to reach 90c/lb.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















