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29metals Ltd.
(Sydney:29M)
29metals Ltd. (29M) vs. S&P 500 (SPY)
29metals Ltd. Business Overview & Revenue Model
29metals Ltd. Financial Statement Overview
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 551.06M | 453.88M | 714.01M | 593.85M | 434.45M | Gross Profit |
| -11.56M | -94.60M | 186.20M | 229.85M | 107.30M | EBIT |
| -146.79M | -353.06M | -46.97M | 46.88M | 98.62M | EBITDA |
| 42.24M | -230.93M | 144.14M | 147.18M | 188.63M | Net Income Common Stockholders |
| -177.61M | -440.46M | -47.22M | 121.01M | 0.00 |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 266.15M | 174.36M | 184.46M | 210.15M | 150.17M | Total Assets |
| 1.04B | 981.21M | 1.29B | 1.32B | 1.26B | Total Debt |
| 315.36M | 271.33M | 265.48M | 233.04M | 247.66M | Net Debt |
| 63.01M | 109.47M | 93.51M | 35.57M | 97.49M | Total Liabilities |
| 618.79M | 558.86M | 577.28M | 545.64M | 539.14M | Stockholders Equity |
| 419.28M | 422.34M | 715.69M | 769.54M | 717.42M |
| Cash Flow | Free Cash Flow | |||
| -57.06M | -121.47M | 28.57M | -22.52M | 39.99M | Operating Cash Flow |
| 59.24M | -36.52M | 142.18M | 75.10M | 118.97M | Investing Cash Flow |
| -116.30M | -84.94M | -113.61M | -92.55M | -78.89M | Financing Cash Flow |
| 145.59M | 112.74M | -72.40M | 101.88M | -45.71M |
29metals Ltd. Technical Analysis
29metals Ltd. Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
58 Neutral | $3.03B | 1,418.92 | -36.53% | 7.41% | -28.50% | -532.61% | |
56 Neutral | $4.71B | 35.49 | 5.11% | ― | 42.05% | ― | |
51 Neutral | $1.28B | 41.67 | -5.02% | ― | 27.79% | -144.05% | |
49 Neutral | $1.96B | -1.15 | -21.28% | 3.71% | 1.17% | -30.86% | |
44 Neutral | AU$178.27M | ― | -42.21% | ― | 24.16% | 68.69% |
29metals Ltd. Corporate Events
29Metals Limited announced a change in the director’s interest, with Tamara Brown acquiring 68,792 ordinary fully paid shares through the Non-executive Director Salary Sacrifice Share Plan. This acquisition, approved at the 2022 Annual General Meeting, increases her total holdings to 175,704 shares, reflecting a strategic alignment with the company’s governance and compensation policies.
29Metals Limited has announced a change in the director’s interest notice involving Jacqui McGill AO, who has acquired 125,078 ordinary fully paid shares under the Non-executive Director Salary Sacrifice Share Plan. This acquisition, approved by shareholders at the 2022 Annual General Meeting, increases McGill’s total holdings to 327,012 shares, reflecting her growing stake and commitment to the company.
29Metals Limited has announced a change in the director’s interest notice involving Fiona Robertson AM. The change involves the acquisition of 125,078 ordinary fully paid shares under the Non-executive Director Salary Sacrifice Share Plan, which was approved by shareholders at the 2022 Annual General Meeting. This update reflects an increase in Ms. Robertson’s direct shareholding in the company, potentially indicating a stronger alignment of interests between the director and the company’s future performance.
29Metals Ltd. announced the quotation of 444,026 ordinary fully paid securities on the Australian Securities Exchange (ASX), issued under an employee incentive scheme. This move is part of the company’s strategy to enhance its market presence and incentivize its workforce, potentially impacting its operational dynamics and stakeholder interests positively.
29Metals Limited has released its March 2025 Quarterly Report, providing updates on its Mineral Resources and Ore Reserves estimates, which remain unchanged since the last announcement. The company emphasizes the use of non-IFRS financial metrics to assess business performance, offering additional insights into its operations. The report highlights the company’s commitment to transparency and the provision of detailed financial information, although readers are cautioned about the limitations of forward-looking statements and non-IFRS metrics.
29Metals Limited reported its March 2025 quarterly results, highlighting a significant reduction in C1 costs at Golden Grove, emphasizing the asset’s quality and ongoing infrastructure investments. The company achieved zero recordable or lost time injuries, indicating a strong safety performance. At Capricorn Copper, progress was made in water management, improving the asset’s compliance footing and advancing towards a sustainable restart of operations. Financially, the company completed senior debt refinancing and maintained its guidance, despite a decrease in available liquidity.
29Metals Limited announced a resolution to its insurance claim related to the extreme weather event at Capricorn Copper in March 2023. The company has reached an in-principle agreement with insurers for a settlement of $115 million, resulting in a final payment of $54 million. This settlement enhances the company’s liquidity and flexibility, supporting strategic objectives like the Gossan Valley project at Golden Grove and the potential restart of operations at Capricorn Copper.
29Metals Limited has announced its 2025 Annual General Meeting (AGM) scheduled for May 23, 2025, which will be conducted as a hybrid meeting allowing shareholders to participate either in person or virtually. This approach aims to enhance shareholder engagement and accessibility, reflecting the company’s commitment to transparency and stakeholder involvement.
29Metals Limited has released its 2024 Corporate Governance Statement and Appendix 4G, indicating a commitment to transparency and regulatory compliance. This release is part of the company’s strategic efforts to ensure robust governance practices, potentially enhancing its reputation and trust among stakeholders.
29Metals Limited has released its 2024 Annual Report, which includes the 2024 Sustainability & ESG Report. The availability of these reports highlights the company’s commitment to transparency and sustainability, providing stakeholders with insights into its operational and environmental strategies.
29Metals Limited announced it will release its quarterly report for the March 2025 quarter on April 29, 2025. The report will be discussed in a conference call and webcast hosted by CEO James Palmer and the executive team, highlighting the company’s operational and financial performance for stakeholders.
29Metals Ltd. has announced the issuance of 2,781,745 performance rights as part of an employee incentive scheme. These unquoted securities are not intended to be listed on the ASX, reflecting the company’s strategy to align employee interests with long-term corporate goals, potentially enhancing operational performance and stakeholder value.
29Metals Limited has updated its December 2024 Mineral Resources and Ore Reserves estimates, following a request from the ASX for additional information. The update includes approvals from a Competent Person and additional governance details. The company reported non-material changes in its mineral resources and ore reserves compared to 2023, with a slight reduction in group mineral resources due to production depletion and increased cut-off values at Golden Grove. Exploration activities at Golden Grove and Capricorn Copper have also been highlighted, indicating ongoing efforts to enhance resource estimates.
29Metals Limited reported a significant improvement in its 2024 financial results, with a 23% increase in total revenue to $551 million and a positive Group EBITDA of $58 million. This improvement was largely driven by higher metal production and lower unit costs at Golden Grove. Despite a net loss after tax of $178 million, the company’s liquidity position strengthened due to successful financing initiatives, including an equity raising and an offtake finance facility. The company plans to focus on strategic objectives such as the development of Gossan Valley and the restart of production at Capricorn Copper, aiming for continued operational improvements.
29Metals Limited has released its Mineral Resources and Ore Reserves estimates as of December 31, 2024, maintaining its Group Ore Reserves at 35.7Mt despite production depletion. The estimates reveal slight increases in contained metals at the Golden Grove site, with notable rises in copper and zinc reserves. However, the Group Mineral Resources saw a reduction to 122.4Mt, primarily due to production depletion and increased cut-off values at Golden Grove. These updates reflect the company’s ongoing resource management and operational adjustments, impacting its market positioning and stakeholder interests.
29Metals Limited has released its Appendix 4E and Annual Financial Report for the year ending December 31, 2024, detailing the company’s financial performance and operational highlights. This report is crucial for stakeholders as it provides insights into the company’s financial health and strategic direction, impacting its market positioning and future growth prospects.