CAPITAL MARKETS

Sandfire sinks on cost concerns

SANDFIRE Resources shares dropped sharply on concerns over costs at its MATSA asset in Spain and lower-than-expected quarterly earnings.

The MATSA asset in Spain

The MATSA asset in Spain

The company produced 28,056 tonnes of copper, 19,535t of zinc, 2477t of lead, 8215 ounces of gold and 700,000oz of silver for the quarter, as previously flagged. C1 unit costs were US$1.72 per pound,...

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