SFRRF - Sandfire Resources Limited (SFRRF) Q3 2025 Earnings Call Transcript
2025-04-29 15:43:05 ET
Sandfire Resources Limited (SFRRF)
Q3 2025 Results Conference Call
April 28, 2025 10:00 PM ET
Company Participants
Brendan Harris - CEO
Megan Jansen - CFO
Jason Grace - COO
Conference Call Participants
Ben Lyons - Jarden
Mitch Ryan - Jefferies
Daniel Morgan - Barrenjoey
Ben Wood - Wilsons Advisory
Presentation
Brendan Harris
Good morning, everyone, and welcome to our March quarterly call. Our executive team is here with me today for the Q&A, and they're looking forward to the discussion. But before we start, I'd like to acknowledge the traditional custodians of the land on which we stand, the Whadjuk people of the Noongar Nation as well as the First Nations peoples on the lands of which Sandfire conducts its broader business.
We pay our respects to their elders and leaders, past, present and emerging. Starting with safety, our group TRIP decreased to 1.4 in the March quarter as we remain focused on eliminating high potential incidents and continue to embed our new way of working the Sandfire Way, which, as I've said before, will further strengthen our system of risk management and internal control.
Despite unprecedented rainfall at both MATSA and Motheo, we delivered robust production results during the quarter. And the impressive effort of our teams has established the platform for a strong fourth quarter, ensuring we are well placed to achieve group copper equivalent production guidance of 154,000 tonnes in FY '25.
If you've been monitoring the weather in Southern Spain and Botswana and seeing some of the images, I'm sure you'll agree this is a great outcome. At MATSA, given the modest 4% reduction in our milling rate in the March quarter, the delayed extraction of high-grade ore and the progressive loss of productivity that resulted from the persistent heavy rainfall, we now expect contained metal volumes to be strongly weighted towards the final quarter of FY '25 for copper equivalent production of 95,000 tonnes, consistent with the target we set at the start of the year. We also expect a particularly strong increase in copper equivalent production at Motheo in the fourth quarter....
Sandfire Resources Limited (SFRRF) Q3 2025 Earnings Call Transcript