Updates
** 29Metals 29M.AX falls as much as 6.1% to A$0.310
** Jarden cuts PT to A$0.3 from A$0.32, downgrades to "underweight" from "overweight"; ** Jefferies maintains "hold"
** Jarden sees co missing CY25 production guidance; expresses concern over frequency of material production interruptions at Golden Grover (GG) in Western Australia
** Jarden lowers FY production forecasts to ~14%-24% below co's forecast range for Cu (19kt vs 22-25kt) and to ~8%-21% for Zn (55kt vs 60-70kt)
** Cuts EBITDA outlook by ~35%, ~11%, ~7% for CY25, CY26 and CY27, respectively
** Jefferies expects seismicity issues at GG to continue into Q3 FY25
** Copper miner posts drop in quarterly copper, zinc production from GG
** YTD, 29M gains ~30%
(Reporting by Anjali Singh in Bengaluru)
((anjali.singh2@thomsonreuters.com;))
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