Sandfire market cap tops $3B for the first time

POSITIVE sentiment towards copper, a positive quarter of production and the looming completion of the US$1.86 billion acquisition of the MATSA complex in Spain has pushed the market value of Sandfire Resources to a record high.

Sandfire market cap tops $3B for the first time Sandfire market cap tops $3B for the first time Sandfire market cap tops $3B for the first time Sandfire market cap tops $3B for the first time Sandfire market cap tops $3B for the first time

The Motheo camp in Botswana

The company's shares closed at A$7.37 yesterday, giving it a market capitalisation of $3.02 billion.