29Metals Reports Lower Year-over-Year Total Gross Revenue during March Quarter, Shares Fall 10%

MT Newswires Live
04-29

29Metals (ASX:29M) reported a total gross revenue during the March quarter of AU$142.1 million, down from the AU$154.2 million in the year-ago quarter, primarily due to lower sales volumes, according to a Tuesday Australian bourse filing.

It reported copper production at the Golden Grove project in Western Australia during the period of 4,100 tonnes, down from 5,300 tonnes during the December 2024 quarter, and zinc production of 170,000 tonnes, compared with year-ago production of 17,600 tonnes, the filing said.

Its shares fell 10% in recent trading on Tuesday.

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