29metals Ltd. (AU:29M) has released an update.
29Metals Limited reported a mixed March 2024 quarter with increased copper production at Golden Grove, despite a decline in zinc output, but suspended operations at Capricorn Copper due to excessive rainfall. The company’s balance sheet remains robust with significant liquidity, thanks to a new off-take finance facility and an insurance payment. The appointment of James Palmer as CEO and the steady improvement at Golden Grove are positive indicators for the company’s future performance.
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