1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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James Palmer from 29Metals (ASX: 29M) shares that the company reports mixed performance for the September quarter. Despite weaker copper production, operations at Golden Grove perform well with strong cash flow.
Zinc sees a rise, although cash reserves face scrutiny due to Capricorn copper investments. James mentions that capital projects, such as the tailings facility at Golden Grove, progress well. The focus remains on cost control and productivity, with Zante offering high-grade ore and aiding in maintaining full-year guidance.
James observes bullish trends in copper, zinc, gold, and silver, with copper supply challenges driving demand. An exploration project in Chile at Red Hill remains less active, with Australian assets Capricorn Copper and Golden Grove taking precedence for exploration efforts.
