29Metals's Access Delay at Xantho Puts Balance Sheet at Risk -- Market Talk

Dow Jones

Apr 20

0123 GMT - 29Metals's delay in accessing its Xantho Extended orebody puts the miner's balance sheet at risk again, says Canaccord Genuity. 29Metals expects to complete remediation works in the December quarter, compared with its initial expectation of April. Analyst Timothy Hoff thinks 29Metals will end the year with net debt of A$138 million. He sees stress emerging in 2028, with debt payments due. "If the operation is able to generate cash in 2027, we see a good chance of refinancing," Canaccord says. "If not, we see the balance sheet again at risk." If 29Metals is only able to meet the low end of 2026 production guidance then it will need additional cash before the year-end, Canaccord suggests. It retains a sell call on 29Metals. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

April 19, 2026 21:23 ET (01:23 GMT)

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Analyst Timothy Hoff thinks 29Metals will end the year with net debt of A$138 million. He sees stress emerging in 2028, with debt payments due. \"If the operation is able to generate cash in 2027, we see a good chance of refinancing,\" Canaccord says. \"If not, we see the balance sheet again at risk.\" If 29Metals is only able to meet the low end of 2026 production guidance then it will need additional cash before the year-end, Canaccord suggests. It retains a sell call on 29Metals. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 19, 2026 21:23 ET (01:23 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>29Metals's Access Delay at Xantho Puts Balance Sheet at Risk -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n29Metals's Access Delay at Xantho Puts Balance Sheet at Risk -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-04-20 09:23</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0123 GMT - 29Metals's delay in accessing its Xantho Extended orebody puts the miner's balance sheet at risk again, says <a href=\"https://laohu8.com/S/CCORF\">Canaccord Genuity</a>. 29Metals expects to complete remediation works in the December quarter, compared with its initial expectation of April. Analyst Timothy Hoff thinks 29Metals will end the year with net debt of A$138 million. He sees stress emerging in 2028, with debt payments due. \"If the operation is able to generate cash in 2027, we see a good chance of refinancing,\" Canaccord says. \"If not, we see the balance sheet again at risk.\" If 29Metals is only able to meet the low end of 2026 production guidance then it will need additional cash before the year-end, Canaccord suggests. It retains a sell call on 29Metals. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  April 19, 2026 21:23 ET (01:23 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7095","symbol_name":"多种金属与采矿","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2628797900","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2628797900","pubTimestamp":1776648180,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0123 GMT - 29Metals's delay in accessing its Xantho Extended orebody puts the miner's balance sheet at risk again, says Canaccord Genuity. 29Metals expects to complete remediation works in the December quarter, compared with its initial expectation of April. Analyst Timothy Hoff thinks 29Metals will end the year with net debt of A$138 million. He sees stress emerging in 2028, with debt payments due. \"If the operation is able to generate cash in 2027, we see a good chance of refinancing,\" Canaccord says. \"If not, we see the balance sheet again at risk.\" If 29Metals is only able to meet the low end of 2026 production guidance then it will need additional cash before the year-end, Canaccord suggests. It retains a sell call on 29Metals. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7095":"多种金属与采矿","29M.AU":"29Metals Ltd"},"translate_title":"29Metals在Xantho的准入延迟使资产负债表面临风险——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"29M.AU":0.9},"content_text":"0123 GMT - 29Metals's delay in accessing its Xantho Extended orebody puts the miner's balance sheet at risk again, says Canaccord Genuity. 29Metals expects to complete remediation works in the December quarter, compared with its initial expectation of April. Analyst Timothy Hoff thinks 29Metals will end the year with net debt of A$138 million. He sees stress emerging in 2028, with debt payments due. \"If the operation is able to generate cash in 2027, we see a good chance of refinancing,\" Canaccord says. \"If not, we see the balance sheet again at risk.\" If 29Metals is only able to meet the low end of 2026 production guidance then it will need additional cash before the year-end, Canaccord suggests. It retains a sell call on 29Metals. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 19, 2026 21:23 ET (01:23 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}