Seismic Activity Raises Questions About 29Metals's Golden Grove Mine -- Market Talk

Dow Jones

2025/10/16

2350 GMT - Another seismic event at 29Metals's Golden Grove base-metals mine raises questions about its long-term operation, Canaccord Genuity says. Operations have been impacted three times during 2025 and at various points historically. This week, 29Metals said seismic activity had restricted access to high-grade zinc deposits at the Xantho Extended area. For Canaccord, this highlights risks as mining fronts move progressively deeper. "This forces 29Metals into lower grade remnant stopes, delivers higher costs due to increased ground support regimes and slower mining (as stresses from mining are redirected)," analyst Timothy Hoff says. Another deposit, Gossan Valley, may underpin volumes at Golden Grove in future. "But without consistent high-grade ore sources we see little opportunity to produce sustainable cash flows at the operation," Canaccord says. (david.winning@wsj.com; @dwinningWSJ)

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October 15, 2025 19:50 ET (23:50 GMT)

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Operations have been impacted three times during 2025 and at various points historically. This week, 29Metals said seismic activity had restricted access to high-grade zinc deposits at the Xantho Extended area. For Canaccord, this highlights risks as mining fronts move progressively deeper. \"This forces 29Metals into lower grade remnant stopes, delivers higher costs due to increased ground support regimes and slower mining (as stresses from mining are redirected),\" analyst Timothy Hoff says. Another deposit, Gossan Valley, may underpin volumes at Golden Grove in future. \"But without consistent high-grade ore sources we see little opportunity to produce sustainable cash flows at the operation,\" Canaccord says. 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Operations have been impacted three times during 2025 and at various points historically. This week, 29Metals said seismic activity had restricted access to high-grade zinc deposits at the Xantho Extended area. For Canaccord, this highlights risks as mining fronts move progressively deeper. \"This forces 29Metals into lower grade remnant stopes, delivers higher costs due to increased ground support regimes and slower mining (as stresses from mining are redirected),\" analyst Timothy Hoff says. Another deposit, Gossan Valley, may underpin volumes at Golden Grove in future. \"But without consistent high-grade ore sources we see little opportunity to produce sustainable cash flows at the operation,\" Canaccord says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 15, 2025 19:50 ET (23:50 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多種金屬與採礦","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2575636327","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2575636327","pubTimestamp":1760572200,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2350 GMT - Another seismic event at 29Metals's Golden Grove base-metals mine raises questions about its long-term operation, Canaccord Genuity says. Operations have been impacted three times during 2025 and at various points historically. This week, 29Metals said seismic activity had restricted access to high-grade zinc deposits at the Xantho Extended area. For Canaccord, this highlights risks as mining fronts move progressively deeper. \"This forces 29Metals into lower grade remnant stopes, delivers higher costs due to increased ground support regimes and slower mining ,\" analyst Timothy Hoff says. Another deposit, Gossan Valley, may underpin volumes at Golden Grove in future. \"But without consistent high-grade ore sources we see little opportunity to produce sustainable cash flows at the operation,\" Canaccord says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7095":"多种金属与采矿","29M.AU":"29Metals Ltd"},"translate_title":"地震活动引发了人们对29Metals Golden Grove矿的质疑——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"29M.AU":0.9},"content_text":"2350 GMT - Another seismic event at 29Metals's Golden Grove base-metals mine raises questions about its long-term operation, Canaccord Genuity says. Operations have been impacted three times during 2025 and at various points historically. This week, 29Metals said seismic activity had restricted access to high-grade zinc deposits at the Xantho Extended area. For Canaccord, this highlights risks as mining fronts move progressively deeper. \"This forces 29Metals into lower grade remnant stopes, delivers higher costs due to increased ground support regimes and slower mining (as stresses from mining are redirected),\" analyst Timothy Hoff says. Another deposit, Gossan Valley, may underpin volumes at Golden Grove in future. \"But without consistent high-grade ore sources we see little opportunity to produce sustainable cash flows at the operation,\" Canaccord says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 15, 2025 19:50 ET (23:50 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}