Copper prices boost Sandfire profit – Australia News


Copper-gold miner Sandfire Resources has announced a record dividend payout after a profitable 12 months.

Perth-based Sandfire announced a 62 per cent rise in net profit to $77.5 million for the 2017 financial year, with revenue up 9.6 per cent to $532.5 million.

The company also declared a final dividend of 13 cents per share, fully franked, after producing 67,088 tonnes of copper and 38,623 ounces of gold from its DeGrussa mine.

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