PROFIT & LOSS

Sandfire transformation nearly complete

Australian copper producer Sandfire Resources has posted a strong set of underlying financial results but higher depreciation and amortisation following the acquisition of the MATSA compex in Spain has resulted in a half-year loss of US$27.1 million.

 Sandfire's MATSA complex in Spain

Sandfire's MATSA complex in Spain

Revenue was a record $431.7 million on the sale of 46,005 tonnes of copper, 32,813t of zinc, 4125t of lead, 11,785 ounces of gold and 870,000oz of silver. Group EBITDA was $135.9 million, comprising...

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