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…
-
Noosa News23 hours agoLaidley e-scooter death: Tragic new details after Summah Richards killed in freak accident
-
General18 hours agoUkraine says Russia has ramped up attacks despite ‘Easter truce’
-
General23 hours agoEaster drowning toll in NSW rises after fisherman swept off rocks in Sydney’s south
-
General20 hours agoReason v magical climate thinking – voters have no choice