ASX:29MMetals and Mining
29Metals (ASX:29M) Shares Face Execution Pressure As Losses Return
29Metals closed at A$0.355 after a strong 30 day run, yet the fresh half year numbers highlight that this is still a repair story rather than a clean copper-focused operation. Revenue landed at A$304.9m for H1 2026 while the company posted a net loss of A$34.8m and basic earnings per share of 2.1 cents in the red.
The short term share price bounce sits alongside a longer term question: can 29Metals turn a low price to sales multiple and its large copper resource base into sustainable profits...