Business
Why the Sandfire Resources (ASX:SFR) share price is soaring 10% higher
The Sandfire Resources Ltd (ASX: SFR) share price is up 10% in afternoon trading. This comes following a series of releases to the ASX this morning.
Importantly the announcements include significant new high-grade drilling results at the company’s A4 copper silver deposit, along with a detailed strategy update and Sandfire’s approval of a new long-life copper mine in Botswana.
We’ll look at the details of the new mine below. But first, what’s been happening with Sandfire’s share price?
Sandfire’s share price on the rebound
Despite today’s 10% surge, Sandfire Resources’ share price remain down 19% year-to-date.
Like many ASX shares, the company has yet to recover from the bashing it took during the COVID-led market…
-
General15 hours agoReuven Morrison was killed in the Bondi Beach shooting one year after warning about antisemitism
-
Noosa News15 hours agoUpdate: Attempted murder charges, Maroochydore
-
General16 hours agoNT’s top year 12 achievers celebrated, with some looking to pursue teaching careers
-
Noosa News13 hours agoQueensland coroner investigates ‘extremely unusual’ deaths of premature twin boys