News Articles for Karl Simich

Karl Simich has joined the board of Subiaco-based Balkan Mining and Minerals after stepping down from 15 years at the helm of Sandfire Resources.

Sandfire Resources has found a new chief executive in South32's Chief Human Resources and Commercial Officer Brendan Harris, who will move to the copper mid-tier in April 2023.

Sandfire Resources founder Karl Simich has called time after a 15-year tenure spent growing the company from an explorer to one of the biggest copper producers listed on the ASX.

Sandfire Resources has cited stronger copper prices and operational performance in posting a 24 per cent increase in net profit to $US55.2 million over the first half of the financial year.

Record commodity prices and a flurry of M&A deals have defined the past year for listed resources companies.

Karl Simich-led Sandfire Resources is set to become one the largest listed copper producers through the $2.6 billion cash acquisition of an operation in Spain.

WA's Sandfire Resources has detailed plans to expand its Motheo project in Botswana via a 114,000-tonne satellite deposit.

Sandfire Resources has exceeded its copper production target for the recent financial year while reporting record sales revenue of $813 million, helped by buoyant prices.

WA's Sandfire Resources is making progress on the development of its $364 million Motheo copper project in Botswana, having now secured the mining licence.

Sandfire Resources recently exported $65 million worth of copper concentrate to India, marking the DeGrussa operator's biggest shipment to date.

Sandfire Resources has appointed Perenti's surface mining contractor to the $364 million Motheo copper-silver project in Botswana.

High-quality copper prospects are becoming harder to find, but juniors are poised for the challenge.

Shares in Sandfire Resources jumped 11 per cent today after the company reported strong growth in earnings and talked up the copper market outlook.

Perth-based Sandfire Resources is spending $371 million to develop a copper-silver mine in Botswana, with production expected in early 2023.

Sandfire Resources is selling its gold project in New Zealand to fellow Perth-based explorer Auris Minerals, in a cash and scrip deal worth $23.2 million.

Sandfire Resources has posted a 30 per cent decline in profit, but says it is in a good position to take advantage of the recent copper price recovery.

Sandfire Resources has made changes to its management team and board, including appointing Sally Langer, and refined its strategic focus.

Woodside Petroleum, Save the Children Foundation and Sandfire Resources were among those recognised for their renewable projects and community partnerships at last night's resources sector awards for excellence.

Sandfire Resources has made a $167 million takeover offer for MOD Resources, just over five months after it made a $94.5 million bid for the junior, with MOD's board backing the improved offer.

Sandfire Resources has reported a first-half profit fall of 18.8 per cent, which the gold and copper miner said was due to increased exploration and project costs.

SPECIAL REPORT: There has been a notable reduction in the number of high-earning executives in WA, though some individuals do well year after year, research by Business News has found.

Shares in Karl Simich-led Sandfire Resources have jumped more than 8 per cent today after the company reported a record $123 million profit.

Sandfire Resources has reached an agreement to purchase Talisman Mining's stake in the Springfield joint venture project in the Goldfields region for $72.3 million.

West Perth-based Sandfire Resources has upgraded its mineral resource at the Degrussa copper mine, located 900 kilometres north-east of Perth, following a recent drilling program.

A survivor of the tech wreck, Andrew Hall tasted success in the venture capital space before launching his own new startup, Formalytics.

SPECIAL REPORT FOR SUBSCRIBERS ONLY: The annual Business News remuneration survey has data and in-depth analysis on hundreds of WA company directors and executives. We identify the top earners, including the people who qualified for large bonuses and equity incentives, in some cases year after year. The survey also reveals a big jump in the number of WA people who earned incomes of $1 million or more last financial year.

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

Copper-gold miner Sandfire Resources says it plans to use its strong cash position to pay off what remains of a $380 million facility it took out for construction of its DeGrussa mine in 2011.

SPECIAL REPORT: Some of WA's top company directors have achieved extraordinary gains in their wealth over the past year, and while most held onto their shares, a group of 11 reaped more than $180 million from share sales.

SPECIAL REPORT: The detailed reporting of remuneration by listed companies means it should be easy to determine the state's best-paid chief executive, but the reality is more complicated.

The head of Perth-based Sandfire Resources has sold down a fifth of his stake in the miner, pocketing $6.1 million from the on-market trade.

Copper and gold miner Sandfire Resources has increased its stake in Montana-based copper play Tintina Resources by 4 percentage points to 61 per cent in a $C4.2 million ($4.1 million) deal.

Copper and gold miner Sandfire Resources has posted a softer profit result for the 2016 financial year on the back of lower copper prices, but was upbeat on the year ahead.

Sandfire Resources has lodged a mining lease application for the development of its majority-owned Monty copper-gold project, located near its flagship DeGrussa mine.

Copper and gold miner Sandfire Resources has announced record production at its flagship DeGrussa mine near Meekatharra.

Sandfire Resources has announced completion of a $40 million solar power facility at its DeGrussa copper-gold mine, with the plant achieving full generation capacity.

Copper and gold miner Sandfire Resources has reported a near-50 per cent fall in half-year profit, but shareholders will still receive an interim payout.

Local miner Sandfire Resources has delivered its first-ever fully franked dividend to shareholders, despite an 11.7 per cent slide in net profit to $69 million for the financial year.

An international consortium comprising European renewable energy companies, Australian government agencies, and local contractor Otoc has come together to finance and develop a $40 million solar power project at Sandfire Resources' DeGrussa copper mine.

South Korean steel giant Posco has sold its 15.2 per cent stake in Sandfire Resources for $129 million.