{
  "id": 15821403,
  "title": "Earnings call transcript: 29Metals posts weak Q3 2026 as output falls",
  "url": "https://urgent.news/2026/10/20/earnings-call-transcript-29metals-posts-weak-q3-2026-as-output-falls",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-20T23:58:44.000Z",
  "source": {
    "name": "Investing.com",
    "slug": "investing-com",
    "url": "https://www.investing.com/news/transcripts/earnings-call-transcript-29metals-posts-weak-q3-2026-as-output-falls-93CH-4961385"
  },
  "original_language": "en",
  "account": "29Metals reported weak Q3 2026 earnings, with gross revenue falling to AUD 94 million and copper output down to 4.2 kilotonnes. The company experienced a 42.6% drop in revenue compared to the prior quarter. Copper production decreased sharply, while zinc production also fell due to reduced ore availability. Unit costs rose to US$5.24 per pound, an increase from the previous quarter. Despite the challenges, the company restarted its Xantho Extended mine after the quarter ended, giving it access to its highest-grade ore source. Management expects more favourable unit costs and higher sales in the December quarter, as the company transitions from a period of constrained output to a more flexible production base. The restart of Xantho Extended and progress at Gossan Valley and Oizon mines are expected to contribute to higher sales in the upcoming quarter.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "Earnings call transcript: Stride beats Q1 2027 estimates but shares fall",
        "url": "https://urgent.news/2026/10/20/earnings-call-transcript-stride-beats-q1-2027-estimates-but-shares",
        "published": "2026-10-20T21:35:33.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}