29Metals reports lower September-quarter output as Golden Grove ramps up
29Metals reported lower Golden Grove output and revenue in the September quarter. Capricorn Copper restart depends on TSF 3 approval and funding, per TradingView.
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what happened
Australian miner 29Metals reported lower production and revenue for the September quarter at its Golden Grove operation, according to TradingView. The decline followed planned maintenance and weaker sales. Over the period, Golden Grove produced 4.2 kt of copper and 2.0 kt of zinc.
The Xantho Extended mine has restarted, and the company expects volumes to improve in the December quarter. Available liquidity stood at $142 million. The restart of the Capricorn Copper project still depends on approval of the TSF 3 tailings facility and on funding.
why it matters
For copper and zinc markets this is a local story, since Golden Grove is a modest-sized operation. Still, the output recovery and the Capricorn decision will show whether the company can grow production in the coming quarters.
tags
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sources
- 29Metals: Lower Sep-Qtr output meets a stronger Golden Grove outlook; Capricorn restart hinges on TSF 3 approval — TradingView, 20 October 2026 at 21:29 UTC
- 29Metals: Golden Grove ramp-up advances; Capricorn restart hinges on TSF 3 approval and funding — TradingView, 20 October 2026 at 21:27 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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