29Metals Limited (TWNMF) Q1 2026 Earnings Call Transcript
29Metals Limited reported strong results for the March 2026 quarter, with progress at both its Golden Grove and Capricorn Copper projects. The company is investing further in derisking the Xantho Extended deposit, delaying near-term production expectations. Capital expenditures are expected to decrease by end-2026 as high-grade mining ramps up. Capricorn Copper is advancing toward production restart with water levels no longer a constraint.
- ▪29Metals reported solid operational performance in Q1 2026 across its Golden Grove and Capricorn Copper assets.
- ▪The company is conducting additional work to derisk the Xantho Extended deposit, pushing some production timelines.
- ▪Golden Grove is transitioning toward mining high-grade ore sources, with reduced capex expected by end-2026.
- ▪At Capricorn Copper, dewatering is largely complete, removing a key barrier to production restart.
- ▪Management emphasized the long-life potential and geological upside of both core assets.
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