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The latest update is out from 29metals Ltd. ( (AU:29M) ).
29Metals reported a stronger December 2025 quarter at Golden Grove, with copper production rising to 6.9kt and zinc output to 3.4kt, alongside a sharp reduction in C1 cash costs to US$2.49/lb of copper sold, helping the site deliver full-year production and cost outcomes broadly in line with guidance. The company is advancing key growth and stability initiatives, including ground support upgrades to allow mining to recommence at the Xantho Extended area in April 2026, continued development of the Gossan Valley project towards first ore by end‑2026, and exploration results that point to potential mine life extensions, while at Capricorn Copper it successfully managed heavy rainfall to maintain a neutral water balance and compliant surface water levels as it works towards a sustainable restart; governance changes and a reduction in group liquidity to $118 million underscore both ongoing investment demands and the importance of execution on these projects for future performance.
The most recent analyst rating on (AU:29M) stock is a Buy with a A$0.67 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 is an Australian base metals producer focused on copper and zinc, with its key operations centred on the Golden Grove and Capricorn Copper mines. The company targets domestic and international metals markets, supplying copper, zinc, gold and silver concentrates while progressing growth and life‑extension projects across its asset base.
Average Trading Volume: 3,664,556
Technical Sentiment Signal: Buy
Current Market Cap: A$830.3M
Learn more about 29M stock on TipRanks’ Stock Analysis page.