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29Metals' Payable Copper Sales Fall in June Quarter

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29Metals (ASX:29M) said it sold 11.5 million pounds of payable copper in the June quarter from the Golden Grove project in Western Australia, down from the 12.3 million pounds sold in the prior corresponding period, according to a Wednesday Australian bourse filing.

The company reported copper production of 4,800 tonnes in the quarter, down from 5,600 tonnes in the June 2025 quarter, while its zinc production dropped to 3,100 tonnes from 12,300 tonnes, per the filing.

The company produced 4,700 ounces of gold and 195,000 ounces of silver during the quarter, compared with 5,100 ounces of gold and 223,000 ounces of silver, the filing said.

The company reaffirmed its 2026 production guidance, forecasting copper output of 20,000 to 24,000 tonnes, zinc production of 5,000 to 25,000 tonnes, gold production of 6,000 to 14,000 ounces, and silver production of 400,000 to 600,000 ounces.

29Metals' shares added about 1% in recent Wednesday trade.

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