29METALS Ltd 2026 Half-Year Financial Report
Key points
- Revenue increased by 12.49% to $304.85 million
- Net loss after tax was $34.84 million
- Golden Grove copper production increased by 15.5%
- Capricorn Copper operations suspended
- Exploration activities increased with $3.88 million spent
Full summary
29METALS Ltd has released its half-year financial report for the six months ended 30 June 2026. The company reported a net loss after tax of $34.84 million, compared to a net profit of $35.32 million in the prior corresponding period. Revenue increased by 12.49% to $304.85 million. Golden Grove saw a 15.5% increase in copper production and a significant decrease in zinc production due to seismic events. Operations at Capricorn Copper remained suspended following extreme weather events. Exploration activities increased, with $3.88 million spent on drilling at Golden Grove, highlighting potential resource extensions.
Guidance
Revenue for the half-year was $304.85 million
Outlook
The company is focused on advancing the Gossan Valley project and exploring potential extensions at Golden Grove. Capricorn Copper operations are pending regulatory approvals for a new tailings storage facility.
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