2328 GMT - Base metals miner Sandfire Resources's net debt appears to have peaked, Jefferies says. Sandfire's net debt totaled US$288 million at the end of December, down from US$345 million three months earlier. That was supported by cash flow from the Matsa project in Spain and the Motheo operation in Botswana. "With FY 2025 set to see a full year of Motheo and Matsa delivering consistent production, we expect to see ongoing debt reduction over the course of FY 2025," analyst Mitch Ryan says. Jefferies expects Sandfire to be net cash by the end of December next year. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 30, 2025 18:28 ET (23:28 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。