Business
Sandfire (ASX:SFR) share price falls despite record shipment
The Sandfire Resources Ltd (ASX: SFR) share price has dropped today despite the company announcing record shipments of copper concentrate.
Near market close, the Sandfire share price was trading down 1.83% at $5.37.
Record shipment
Earlier today, Sandfire advised that it has completed the largest-ever single shipment of copper concentrate. The mineral was extracted from its 100% owned DeGrussa operations in Western Australia.
Weighing more than 23,000 wet metric tonnes (wmt), the copper concentrate left the Port of Geraldton in Western Australia bound for Europe, to be refined in smelters. The process will be overseen by Sandfire’s strategic partner, Concord Resources.
At the current spot copper prices, its estimated that the…
-
Noosa News23 hours agoNRL grand final quick hits: Reece Walsh creates magic after avoiding sin bin as Broncos survive Hunt, Reynolds injuries to win premiership
-
General23 hours agoHow the internet reacted to Brisbane Broncos winning the NRL grand final
-
General12 hours agoThree youths in police custody after fire at Ashley Youth Detention Centre in northern Tasmania
-
Noosa News15 hours agoNew playground equipment encourages children to learn through ‘risky play’