Logotype for 29Metals Limited

29Metals Limited (29M) investor relations material

29Metals Limited Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for 29Metals Limited
Q3 2025 earnings summary14 Oct, 2025

Executive summary

  • Safety performance remained strong with zero lost time injuries over the past twelve months, and group TRIF improved to 5.4 from 6.3 in the previous quarter.

  • Golden Grove focused on productivity and cost improvements, but faced restricted access to high-grade zinc stopes at Xantho Extended due to seismic activity, impacting zinc output.

  • Capricorn Copper operations remain suspended, with significant progress on water inventory reduction and regulatory approvals for a new tailings storage facility.

  • Group priorities include maximizing cash flow, progressing Gossan Valley project, and preparing for a potential restart at Capricorn Copper.

  • Group liquidity at 30 September 2025 was $168 million, down from $202 million at 30 June 2025.

Financial highlights

  • Gross revenue for the quarter was $155 million, up from $143 million in the previous quarter, aided by higher Golden Grove sales and a lead concentrate sale.

  • Unaudited cash and cash equivalents at quarter-end were $153 million, with available liquidity of $168 million and net drawn debt at $44 million.

  • Golden Grove C1 costs rose to US$3.74/lb copper sold (from US$2.09/lb), and AISC increased to US$4.93/lb (from US$3.29/lb), mainly due to higher site costs and a major shutdown.

  • Suspension costs at Capricorn Copper reduced to $8.8 million for the quarter.

  • Group unaudited drawn debt at quarter-end was US$130 million.

Outlook and guidance

  • 2025 guidance for zinc and precious metals production revised downward due to ongoing access issues at Xantho Extended; copper production guidance unchanged.

  • Revised 2025 zinc production guidance: 35-40kt (previously 60-70kt); gold: 15-20koz (previously 20-25koz); silver: 700-900koz (previously 750-1,000koz).

  • Exploration spend for 2025 increased to $10–14 million, up from $4 million in the prior year.

  • First ore from Gossan Valley remains on track for 2026, with box cut excavation 70% complete.

  • Capricorn Copper restart contingent on further water reduction and tailings storage approval, with regulatory progress ongoing.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next 29Metals Limited earnings date

Logotype for 29Metals Limited
Q4 202528 Jan, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next 29Metals Limited earnings date

Logotype for 29Metals Limited
Q4 202528 Jan, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

29Metals Limited is a copper-focused base and precious metals mining company with significant operations and exploration assets in Australia and Chile. The company's primary activities involve the exploration, development, and production of copper, alongside other base and precious metals such as zinc, gold, and silver. 29Metals operates two long-life mining assets: the Golden Grove mine located in Western Australia and the Capricorn Copper mine in Queensland, Australia. The company is headquartered in Melbourne, Victoria, Australia, and its shares are listed on the ASX.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage