BASE METALS

DeGrussa shows Sandfire its bottom-line

SANDFIRE Resources has taken full advantage of improved market conditions and commodity prices during the first half of the 2017 financial year to record a net profit after tax of $35.9 million, up 128% from the previous corresponding half.

Karma Barndon
An aerial shot of Sandfire's DeGrussa mine.

An aerial shot of Sandfire's DeGrussa mine.

The results are underpinned by higher copper prices, reduced operating costs and the consistent production performance of DeGrussa. The bottom line result – which equates to 22.8c per share – was struck...

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