Sandfire Resources lifts cash and revenue in March quarter update

The Sandfire Resources Ltd (ASX: SFR) share price is in focus today after the company reported record unaudited sales revenue of $408 million and boosted its net cash position to $76 million for the March 2026 quarter.

What did Sandfire Resources report?

• Group copper equivalent (CuEq) production: 34.5kt for Q3 FY26; 106.5kt year to date
• MATSA CuEq production: 21.7kt in Q3 FY26 (YTD: 68.0kt); impacted by heavy rainfall and maintenance
• Motheo CuEq production: 12.8kt in Q3 FY26 (YTD: 38.5kt)
• Group sales revenue (unaudited): $408 million in Q3 FY26
• Underlying EBITDA: $220 million for the quarter, with a margin of 54%
• Net cash position: $76 million at 31 March 2026, up from $13 million at end-December 2025

What else do investors need to know?

The company retained its FY26 copper equivalent production guidance of 149kt–165kt, but now expects to finish in the lower half of the range. Operational challenges continued, especially at MATSA following a tragic fatality at the Magdalena mine and some weather-related disruptions.

Sandfire pressed ahead with exploration, investing $9 million regionally and $6 million near mine in Q3. The company also executed agreements with Havilah Resources to advance the Kalkaroo Copper-Gold project in South Australia, laying the foundations for a $70 million pre-feasibility study due by the second half of FY28.

What’s next for Sandfire Resources?

Sandfire expects production for FY26 to come in at the lower end of guidance, as performance rebounds in the final quarter and cost controls remain a focus. Guidance for operating costs at MATSA and Motheo remains unchanged, but management continues to monitor supply chain risks.

Strategically, the company aims to grow through further exploration at its global projects, with Kalkaroo in South Australia shaping as a key growth opportunity. The upcoming $70 million pre-feasibility study at Kalkaroo aims to unlock further resource potential.

Sandfire Resources share price snapshot

Over the past 12 monts, Sandfire Resources shares have risen 81%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 12% over the same period.

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The post Sandfire Resources lifts cash and revenue in March quarter update appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.