Copper Costs Dent 29Metals

Copper costs dent 29Metals

A share price hot streak for the owner of Western Australia’s only major copper mine has lost steam after its quarterly update disappointed.

Why 29Metals, CAR Group, DroneShield, and Santana Minerals shares are falling today

The S&P/ASX 200 Index (ASX: XJO) is back on form and charging higher on Thursday. In afternoon trade, the benchmark index is up 0.75% to 8,625.6 points. Four ASX shares that have failed to follow the market higher today are listed below. Here's why they are falling: 29Metals Ltd (ASX: 29M) The 29Metals share price is down 7% to 32 cents. Investors have been selling this copper miner's shares following the release of its quarterly update. The com…

Thursday's HotCopper trends: 29Metals quarterly, Kairos drilling

In a day with plenty of quarterly reports, 29Metals Ltd (ASX:29M) has caught eyes on the HotCopper forums after a “more successful wet season” helped it to reasonably solid production at Golden Grove and Capricorn Copper. Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more. The miner remains focused on updating its Mineral Resources and Ore Reser…

29Metals making inroads on restart scenario

29Metals believes it will take one more successful wet season in terms of treated water releases from its crippled Capricorn Copper site before it can progress the restart of operations there. The derisking of regulatory approvals for a long-term tailings storage facility is the second factor in that equation. Capricorn Copper operations were most recently […] Thank-you for your interest in iQ Industry Queensland. We invite you to purch…

29Metals Advances Gossan Valley Project

29Metals (ASX:29M) has commenced surface works at its Gossan Valley project after receiving all necessary approvals. The company reported increased copper production and a stronger liquidity position in the June quarter, despite challenges related to rising costs and limited access to key ore zones at its Golden Grove mine. 29Metals is an Australian base metals mining company focused on copper and zinc production. The company owns and operates t…