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Sandfire to raise $102m for DeGrussa

Sandfire Resources has announced plans to raise $102 million via a rights issue and an institutional placement to underpin development and exploration of its DeGrussa copper-gold project near Meekatharra.

In a statement to the Australian Securities Exchange, Sandfire said the capital raising would position the company to start construction of the mine in 2011 and deliver open pit production by the end of the year.

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Share Price

Closing price for the last 90 trading days
Source: Morningstar

BN30 Index

Index = 100 as of 4 Jan 2016
Source: Morningstar

Total Shareholder Return as at 30/11/17

1 year TSR5 year TSR
thWestgold Resources0%0%
46thOM Holdings343%21%
237thRegis Resources44%-3%
394thSandfire Resources11%-4%
565thResolute Mining-16%-11%
727 WA (and selected non WA) listed companies ranked by 1 year TSR relative to other companies with similar revenue
Source: Morningstar

Share Transactions

29/11/17
$0 Issued
05/09/17
$0 Other
05/09/17
$0 Other
Total value as at the date of the transaction
Source: Morningstar

Revenue

8th↑Resolute Mining$560.8m
9th↑Regis Resources$547.2m
10th↓Sandfire Resources$534.7m
11th↑OM Holdings$474.3m
12th-Westgold Resources$438.5m
491 listed resources companies ranked by revenue.
Source: Morningstar

Remuneration from Sandfire Resources

28thKarl Simich$1.394m
135thMatthew Fitzgerald$691k
162ndRobert Klug$634k
Ranked by total remuneration from all listed WA companies

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