ASX:29MMetals and Mining
What 29Metals (ASX:29M)'s Q4 Zinc Shortfall And Downgrade Mean For Shareholders
In the past few days, Jefferies analyst Mitch Ryan downgraded 29Metals to Underperform after the company reported an 86% zinc production shortfall in the fourth quarter due to seismic issues at its Xantho Extended mine.
This combination of a sharply weaker operating outcome and a more cautious analyst stance has intensified focus on 29Metals’ ability to deliver on its longer-term production plans.
We’ll now examine how the Xantho Extended seismic disruption and resulting production shortfall...