Ann: Sandfire Announce 2018 Annual Results, page-12

https://www.fool.com.au/2018/09/03/...is-among-3-resources-shares-in-the-red-today/

Sandfire Resources NL (ASX: SFR)

Shares in Sandfire Resources NL are stuck in reverse, down 1.9% to $6.96 at the time of writing after hitting the declines even after posting strong 2018 annual results on August 30.

Sandfire attributed higher copper prices over the reporting period to its solid results, including NPAT of $120.8 million – up 59% with record sales revenue, strong cash from operating activities and EPS of 77.85c.

But with copper prices trending down, how will Sandfire maintain its current trajectory?

According to the Financial Review, Sandfire is ready to go shopping – specifically to write a cheque to take full control of the Monty Project – just 10km from its flagship DeGrussa project.

Sandfire managed to keep operating costs low during FY18 which allowed it to achieve exceptional margins and if the demand from China is anything to go by, FY19 could be just as good of a year, if not better.