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How Did 29Metals Flip $109M Loss to $35M Profit in Six Months?
12:42am on Sunday 21st of December, 2025 AEDT
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Mining
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How Did 29Metals Flip $109M Loss to $35M Profit in Six Months?
12:42am on Sunday 21st of December, 2025 AEDT
Key Points
Half-year net profit of $35.3 million, reversing prior $109.2 million loss
Revenue up 12% to $271 million, boosted by zinc and precious metals
Golden Grove mine ramps up ore production and zinc output
Capricorn Copper operations remain suspended due to water management and approvals
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