Sandfire Resources (ASX:SFR) recently reported a half-year underlying loss of $36.6 million, which is significantly higher than the previous year’s loss of $19.4 million.

The company’s revenue from ordinary activities was slightly lower, with an announced $417.9 million, marking a 3% decrease.

Despite this, they have maintained their production, cost, and capital expenditure projections for FY24.

Looking ahead, Sandfire Resource anticipates returning the business to profitability and reducing its debt in the forthcoming years.

Moreover, the company is optimistically positioned to deliver more than a 50% increase in copper equivalent production from continuing operations over two years, ending in FY25.

Sandfire Resources (ASX:SFR) is a mining and exploration company with a key focus on copper, gold, and base metals.