29Metals 1Q Result Solid; Golden Grove Shines -- Market Talk
Dow Jones
Apr 29
0234 GMT - 29Metals reports a solid 1Q, "with incremental positives around asset-level performance and the balance sheet," says RBC Capital Markets analyst Kaan Peker. Golden Grove is the clear standout, he says. Copper production beat expectations and is running above the top end of guidance, Peker says. He adds that the "decision to defer development at Xantho Extended appears increasingly framed as risk management rather than constraint." RBC has a sector perform rating on the stock, with a A$0.30 target. Shares are up 6.8% at A$0.235.(rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
April 28, 2026 22:34 ET (02:34 GMT)
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