Sandfire Continues to Whittle Down Debt Pile -- Market Talk

Dow Jones

Oct 29, 2024

0013 GMT - While some of Sandfire Resources' financial metrics in 1Q were softer than Jefferies expected, the overall narrative was pleasing. Namely, Sandfire continues to reduce its debt burden. Sandfire repaid A$44 million of borrowings in 1Q, contributing to its net debt falling to A$345 million at the end of September. The base metals miner said it had A$190 million in cash at the end of 1Q. "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," says analyst Mitch Ryan, referring to Sandfire's operations in Botswana and Spain. Jefferies retains a hold call on Sandfire. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

October 28, 2024 20:14 ET (00:14 GMT)

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Namely, Sandfire continues to reduce its debt burden. Sandfire repaid A$44 million of borrowings in 1Q, contributing to its net debt falling to A$345 million at the end of September. The base metals miner said it had A$190 million in cash at the end of 1Q. \"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,\" says analyst Mitch Ryan, referring to Sandfire's operations in Botswana and Spain. Jefferies retains a hold call on Sandfire. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 28, 2024 20:14 ET (00:14 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Sandfire Continues to Whittle Down Debt Pile -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nSandfire Continues to Whittle Down Debt Pile -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-29 08:14</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0013 GMT - While some of Sandfire Resources' financial metrics in 1Q were softer than Jefferies expected, the overall narrative was pleasing. Namely, Sandfire continues to reduce its debt burden. Sandfire repaid A$44 million of borrowings in 1Q, contributing to its net debt falling to A$345 million at the end of September. The base metals miner said it had A$190 million in cash at the end of 1Q. \"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,\" says analyst Mitch Ryan, referring to Sandfire's operations in Botswana and Spain. Jefferies retains a hold call on Sandfire. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 28, 2024 20:14 ET (00:14 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7507","symbol_name":"资源股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2479782498","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2479782498","pubTimestamp":1730160840,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0013 GMT - While some of Sandfire Resources' financial metrics in 1Q were softer than Jefferies expected, the overall narrative was pleasing. Namely, Sandfire continues to reduce its debt burden. Sandfire repaid A$44 million of borrowings in 1Q, contributing to its net debt falling to A$345 million at the end of September. The base metals miner said it had A$190 million in cash at the end of 1Q. \"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,\" says analyst Mitch Ryan, referring to Sandfire's operations in Botswana and Spain. Jefferies retains a hold call on Sandfire. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7507":"资源股","BK7110":"铜","SFR.AU":"SANDFIRE RESOURCES LTD","BK7506":"金矿股"},"translate_title":"Sandfire继续削减债务负担——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"SFR.AU":0.9},"content_text":"0013 GMT - While some of Sandfire Resources' financial metrics in 1Q were softer than Jefferies expected, the overall narrative was pleasing. Namely, Sandfire continues to reduce its debt burden. Sandfire repaid A$44 million of borrowings in 1Q, contributing to its net debt falling to A$345 million at the end of September. The base metals miner said it had A$190 million in cash at the end of 1Q. \"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,\" says analyst Mitch Ryan, referring to Sandfire's operations in Botswana and Spain. Jefferies retains a hold call on Sandfire. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 28, 2024 20:14 ET (00:14 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}