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Full Monty on the cards

SANDFIRE Resources has consolidated its strong financial position with low operating costs and record levels of copper production bolstering its FY2016 balance sheet and handing the company a tidy net profit after tax of $A48 million.

Karma Barndon
Production from its Degrussa operation has bolstered the Sandfire's balance sheet.

Production from its Degrussa operation has bolstered the Sandfire's balance sheet.

Financial highlights include sales revenue of $497.2 million – made up of 68,653 tonnes of copper and 36,042t of gold – operational cash flow of $133.9 million and pre-tax earnings of $68.4 million. ...

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