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The latest update is out from 29metals Ltd. ( (AU:29M) ).
29Metals Limited has awarded a four-year underground mining contract to Byrnecut Australia Pty Ltd for the Gossan Valley mine at Golden Grove. This decision follows a competitive tender process and is expected to create operational and commercial synergies by allowing the sharing of equipment and personnel across Golden Grove operations. The Gossan Valley project is projected to produce its first ore by the end of 2026, enhancing the Golden Grove life-of-mine plan with higher-grade ore and increased production flexibility.
The most recent analyst rating on (AU:29M) stock is a Hold with a A$0.50 price target. To see the full list of analyst forecasts on 29metals Ltd. stock, see the AU:29M Stock Forecast page.
More about 29metals Ltd.
29Metals Limited operates in the mining industry, focusing on the extraction of metals. The company is involved in the production of high-grade ore and aims to optimize its mining operations through strategic projects like the Gossan Valley mine.
Average Trading Volume: 4,458,017
Technical Sentiment Signal: Buy
Current Market Cap: A$569.5M
For a thorough assessment of 29M stock, go to TipRanks’ Stock Analysis page.