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29metals Ltd.
(Sydney:29M)
29metals Ltd. (29M) vs. iShares MSCI Australia ETF (EWA)
29metals Ltd. Business Overview & Revenue Model
29metals Ltd. Financial Statement Overview
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 579.03M | 551.06M | 449.75M | 714.01M | 600.76M | 434.45M |
| Gross Profit | 43.44M | -11.56M | -99.22M | 186.20M | 134.10M | 107.30M |
| EBITDA | 117.94M | 42.24M | -230.93M | 144.14M | 147.18M | 188.63M |
| Net Income | -33.10M | -177.61M | -440.46M | -47.22M | 121.01M | 0.00 |
Balance Sheet | ||||||
| Total Assets | 988.40M | 1.04B | 981.21M | 1.29B | 1.32B | 1.26B |
| Cash, Cash Equivalents and Short-Term Investments | 187.08M | 266.15M | 174.36M | 184.46M | 210.15M | 150.17M |
| Total Debt | 248.12M | 315.36M | 271.33M | 265.48M | 233.04M | 247.66M |
| Total Liabilities | 532.46M | 618.79M | 558.86M | 577.28M | 545.64M | 539.14M |
| Stockholders Equity | 455.94M | 419.28M | 422.34M | 715.69M | 769.54M | 717.42M |
Cash Flow | ||||||
| Free Cash Flow | 7.52M | -57.06M | -121.47M | 28.57M | -22.52M | 39.99M |
| Operating Cash Flow | 84.35M | 59.24M | -36.52M | 142.18M | 75.10M | 118.97M |
| Investing Cash Flow | -80.91M | -116.30M | -84.94M | -113.61M | -92.55M | -78.89M |
| Financing Cash Flow | 118.19M | 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
53 Neutral | AU$336.03M | -55.67 | -6.04% | ― | ― | -76.36% | |
45 Neutral | AU$548.93M | -6.47 | -8.58% | ― | 28.45% | 79.93% | |
45 Neutral | AU$619.35M | -275.93 | -1.99% | ― | ― | 42.55% | |
36 Underperform | AU$407.22M | 900.00 | 0.41% | ― | ― | ― | |
32 Underperform | AU$577.38M | -12.37 | -150.61% | ― | ― | -186.15% |
29metals Ltd. Corporate Events
29Metals Limited has awarded a four-year underground mining contract to Byrnecut Australia Pty Ltd for the Gossan Valley mine at Golden Grove. This contract, valued at $253 million, is expected to enhance operational synergies and production flexibility by sharing resources across the Golden Grove operations. The Gossan Valley project is anticipated to begin ore production by the end of 2026, providing a higher-grade ore source and potentially extending mineral resource estimates.
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.
29Metals Limited announced significant results from its 2025 drilling program at Golden Grove, revealing high-grade copper, zinc, and gold intercepts. These findings suggest the potential for extending the mine life of existing deposits and improving mining economics through shared infrastructure. The results also indicate that the Ozion and Hougoumont Extended areas might form a single large mineralized system, enhancing future mining cost efficiencies. The drilling program, with an increased budget of $10 million to $14 million, underscores the company’s commitment to expanding its resource base and optimizing its mining operations.
29metals Ltd. has announced the quotation of 1,000,000 ordinary fully paid securities on the Australian Securities Exchange (ASX) as of November 3, 2025. These securities are issued under an employee incentive scheme and are not subject to transfer restrictions. This move is part of 29metals Ltd.’s strategic efforts to enhance its market presence and provide value to its stakeholders.
29Metals Limited has announced a change in the director’s interest notice, specifically involving Ashish Gupta, who has increased his indirect interest in the company by acquiring an additional 400,000 fully paid ordinary shares, bringing his total to 950,000 shares. This on-market purchase reflects a significant increase in Gupta’s stake, potentially indicating confidence in the company’s future performance and could influence stakeholder perceptions and market positioning.
29Metals Limited has announced that Tamara Brown has ceased to be a director of the company as of October 24, 2025. The final director’s interest notice reveals that she held 175,704 fully paid ordinary shares. This change in the board may impact the company’s governance and strategic direction, potentially affecting stakeholders and market perceptions.
29Metals Limited has announced the appointment of Nick Cernotta as a director, effective October 24, 2025. The Initial Director’s Interest Notice indicates that Mr. Cernotta currently holds no relevant interests in securities, either as a registered holder or through any contracts, which suggests a neutral impact on the company’s operations and stakeholder interests at this time.
29Metals Ltd. has announced changes to its board with the retirement of Ms. Tamara Brown and the appointment of Mr. Nicholas Cernotta as an Independent Non-executive Director. Mr. Cernotta, with over 40 years of experience in the mining sector, brings extensive operational expertise and has held significant roles in various mining companies. His appointment is expected to strengthen the board’s capabilities, particularly in supporting the company’s strategic operations and enhancing shareholder value.
29Metals Limited reported its September 2025 quarterly results, highlighting a challenging period due to restricted access to high-grade zinc stopes at Golden Grove caused by seismic activity. Despite this, the company maintained its copper production guidance and revised its zinc and precious metals guidance, opting for alternate ore sources. The company also made progress at Capricorn Copper with water level reductions and regulatory approvals for a new tailings storage facility, aiming for a sustainable restart of operations. The company’s liquidity decreased to $168 million, and it continues to focus on safety and sustainability in its operations.
29Metals Limited has reported a seismic event at its Golden Grove mine’s Xantho Extended orebody, which has led to the withdrawal of its zinc production guidance for the year. While no injuries occurred, the company is assessing the time needed to reinstate ground support to access high-grade zinc ore. In the interim, lower-grade zinc ore will be mined, although production guidance for copper, gold, and silver remains unchanged. An update on the situation is expected in the upcoming September quarterly report.
29Metals Limited announced it will release its quarterly report for September 2025 on October 15, 2025. The company’s CEO, James Palmer, and the executive team will host a conference call and webcast to discuss the report, providing insights into the company’s performance and future outlook. This announcement is part of 29Metals’ ongoing efforts to maintain transparency with stakeholders and keep them informed about the company’s operational and financial status.
29Metals Limited has announced promising results from its drilling activities at the Golden Grove site, revealing high-grade copper intercepts that suggest potential extensions to the mine’s life. The results, which are not yet included in the company’s updated mineral resources and ore reserves estimates, highlight the potential for growth and increased flexibility in the mine’s operations, particularly through leveraging existing infrastructure. The drilling program, which has seen a significant increase in planned expenditures for 2025, underscores the company’s commitment to enhancing its resource base and securing future growth options.