The following is a summary of the Sandfire Resources Limited (SFRRF) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Sandfire Resources reported Q3 copper equivalent production of 33.1 thousand tonnes, a slight increase from the prior quarter.

• Sales revenue reached about $206 million with an underlying operations EBITDA of approximately $93 million, resulting in a net debt of $481 million.

• Revenue from the Motheo and MATSA mines reached an annualized 4.7 million tonne rate in Q3 with MATSA producing 14.2 thousand tonnes of contained copper.

• The company retained annual group copper equivalent production guidance for 135,000 tonnes but made minor adjustments to financial guidance, reducing operating and exploration expenditure and increasing non-cash D&A.

Business Progress:

• Slow and steady progress on the A4 expansion project, with the first ore delivery expected in Q1 FY '25. Exploration ongoing at Masa 2 and MATSA.

• Sandfire obtained the Mine Operating Permit for the Black Butte project in the U.S, with plans to assess the high-grade Johnny Lee lower copper zone before any final investment decisions.

• Sandfire remains committed to protecting cultural heritage at DeGrussa and rebuilding relationships with the Yugunga-Nya.

• The company is focusing on long-term growth, with plans for exploration at the Kalahari copper belt in Botswana and potential investment in the U.S. project Black Butte, with all contingent on project feasibility and shareholder interest.

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.