29metals Ltd. ( (AU:29M) ) has provided an update.
29Metals Limited has released its Mineral Resources and Ore Reserves estimates as of December 31, 2024, maintaining its Group Ore Reserves at 35.7Mt despite production depletion. The estimates reveal slight increases in contained metals at the Golden Grove site, with notable rises in copper and zinc reserves. However, the Group Mineral Resources saw a reduction to 122.4Mt, primarily due to production depletion and increased cut-off values at Golden Grove. These updates reflect the company’s ongoing resource management and operational adjustments, impacting its market positioning and stakeholder interests.
More about 29metals Ltd.
29Metals Limited is a company operating in the mining industry, primarily focused on the extraction and production of metals such as copper, zinc, gold, silver, and lead. The company has significant operations at its Golden Grove and Capricorn Copper sites, positioning itself as a key player in the metal mining sector.
YTD Price Performance: -28.57%
Average Trading Volume: 3,805,326
Technical Sentiment Consensus Rating: Buy
Current Market Cap: A$239.5M
See more data about 29M stock on TipRanks’ Stock Analysis page.
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