Winners and Losers: Havilah’s golden run on a bullish copper move

The value of a South Australian copper company has nearly doubled over the course of 2025, spiking most recently in the current quarter.

Dec 08, 2025, updated Dec 08, 2025
Havilah and Sandfire are moving forward with a major copper mining project in the state's far north. Photo: Unsplash. Graphic: Jayde Vandborg/InDaily.
Havilah and Sandfire are moving forward with a major copper mining project in the state's far north. Photo: Unsplash. Graphic: Jayde Vandborg/InDaily.

Havilah Resources has enjoyed a spectacular final two months of the 2025 calendar year, spiking after striking a bullish deal with one of the country’s top mining companies.

In November, the company announced a partnership with multibillion-dollar copper player Sandfire to take advantage of a major copper-gold deposit in the state’s northeast.

The pair would advance the Kalkaroo Copper-Gold Project and establish an exploration partnership across the “highly prospective” Curnamona Province, 450 km northeast of Adelaide.

Shares are now up more than 117 per cent in the past quarter, and the company’s value has almost doubled to $205 million over the past 12 months.

Over the past trading week, shares in Havilah rose 27 per cent.

Havila’s 2025 as of December 8. Via Market Index.

Supply-side issues continued to support copper prices, which are at all-time highs this week. Major Australian miners Capstone (up 9 per cent) and Sandfire (up 7 per cent) enjoyed that rally.

Gold prices held firm but silver is riding the metal’s coattails, hitting record highs to put the price of the white metal up 100 per cent this year.

Resolution Minerals was the week’s biggest Loser, down 24.92 per cent, but the company remains well up on last year by 140.5 per cent.

Stay informed, daily

The full list of Winners and Losers for the week ended December 5:

Data via Baker Young Limited analysts.

Business