The 29Metals Ltd (ASX: 29M) share price is in focus today after the copper and zinc miner reported a 12% rise in half-year revenue to $305 million and a sharp increase in operating cash flows for the half ending 30 June 2026.

What did 29Metals report?

• Total revenue rose 12% to $305 million (HY25: $271 million)
• Cost of sales increased 21% to $279 million, mainly due to higher stockpile charges and lower zinc credits
• EBITDA fell to $30.5 million (HY25: $112.6 million)
• Cash flows from operating activities grew 148% to $66 million
• Group liquidity at 30 June 2026 was $202 million
• Drawn debt reduced by US$10 million to US$115 million

What else do investors need to know?

Development works continued at the Xantho Extended orebody, with 29Metals aiming to restart mining there in the December 2026 quarter. This is expected to boost overall metal production at the Golden Grove operation, which is the company’s highest-grade ore source.

Zinc production was notably lower at 3.2kt (compared to 29.3kt last year), impacted by the suspension of mining at Xantho Extended due to seismicity. Meanwhile, copper production increased by 15% year on year to 11.2kt.

29Metals is also preparing to restart operations at Capricorn Copper, targeting more than double its annual copper output. The restart plan is progressing, with water issues resolved and regulatory approvals and funding activities underway.

What did 29Metals management say?

Chief Executive Officer James Palmer said:

The team continues to make progress towards strengthening the foundations of the business and an optimised mine plan at Golden Grove, underpinned by investment in high-grade ore sources of Xantho Extended, Oizon and Gossan Valley. The progressive ramp-up of mining from these high-grade ore sources is expected to provide mine plan flexibility and support metal production growth at Golden Grove from the end of 2026.

Capricorn Copper provides a low capital intensity pathway to more than double 29Metals’ annual copper production. With water levels no longer an impediment to restart production, we are progressing the regulatory approval of our application for a new Tailings Storage Facility and completion of a Restart Definitive Feasibility Study by the end of 2026. In parallel, we are progressing work on strategic funding options to maintain progress towards a restart of production.

What’s next for 29Metals?

Looking ahead, 29Metals is focused on finishing upgrades and resuming mining at Xantho Extended by the December quarter, aiming to support higher copper and zinc production at Golden Grove. Investors can expect ongoing works on mine plan flexibility and accessing higher-grade deposits to improve output and cost efficiency by late 2026.

At Capricorn Copper, the company is aiming for regulatory clearance and funding to enable a restart, with the goal of substantially increasing copper production in coming years.

29Metals share price snapshot

Over the past 12 months, 29 Metals shares have risen 20%, outperforming the All Ordinaries Index (ASX: XAO).

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The post 29Metals: HY26 earnings show revenue up, mine progress on track appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Capricorn Metals Ltd (ASX: CMM) share price is in focus today after the company delivered record full-year results, with FY26 sales revenue up 46% to $769.3 million and a fully franked final dividend of 5 cents per share announced.

What did Capricorn Metals report?

• Sales revenue rose 46% to $769.3 million, with gold sales totalling 123,096 ounces at an average price of $6,241 per ounce.
• Underlying EBITDA was a record $483.6 million, jumping 63% year over year, for an EBITDA margin of 63%.
• Net profit after tax increased 59% to $327.2 million, up from $206.4 million in FY25.
• Net cash position grew by 42% to $504.8 million at year end.
• Gold production at the Karlawinda Gold Project totalled 123,589 ounces at an AISC of $1,629 per ounce.
• Fully franked final dividend of 5 cents per share, bringing total FY26 dividends to 10 cents per share.

What else do investors need to know?

Capricorn Metals finished the year with a strong balance sheet, underpinned by robust operating cash flow of $470.2 million. The company spent $133.4 million on expansion at Karlawinda and preparatory works at Mt Gibson, alongside $74.0 million on exploration across both projects.

The commencement of fully franked dividends reflects Capricorn’s move to a tax-paying position, with a one-off final tax payment for FY26 expected in FY27. From FY27, tax payments will transition to a standard estimates-based regime.

What’s next for Capricorn Metals?

Looking ahead, Capricorn Metals has provided FY27 production guidance of 137,000 to 147,000 ounces at an AISC of $1,900 to $2,100 per ounce. After the Karlawinda Expansion Project is commissioned this quarter, gold output is forecast to ramp up to around 150,000 ounces per annum.

Development at the Mt Gibson Gold Project is targeted to start in the second quarter of FY27, subject to permitting. Supported by strong cash flows and a healthy cash balance, Capricorn aims to fund growth projects and continue shareholder returns.

Capricorn Metals share price snapshot

The Capricorn Metals share price has been among the best performers on the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of almost 70%.

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The post Capricorn Metals posts record full-year profit, dividends after strong gold sales appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The Boss Energy Ltd (ASX: BOE) share price is in focus today as the company posted a $2.5 million profit after tax for FY2026, a sharp turnaround from last year’s $34.2 million loss. Revenue more than doubled to $151.1 million, marking the company’s first full year selling uranium from Honeymoon.

What did Boss Energy report?

• Revenue: $151.1 million, up 100% from FY2025
• Net profit after tax: $2.5 million (FY2025: $34.2 million loss)
• Operating cash flow: $73.6 million (FY2025: $17.4 million)
• Production: 1.41 million pounds of uranium oxide (up 61% year-on-year)
• Cash and liquid assets: $207.3 million, no debt
• No dividend declared for FY2026

What else do investors need to know?

Boss Energy has ramped up production at Honeymoon, its key operating mine in South Australia, commissioning new infrastructure and focusing on operational improvements. A New Feasibility Study and updated life-of-mine plan were also released, centring on a wide-spaced wellfield design to lift efficiency and cut costs.

In Texas, Boss holds a 30% stake in the Alta Mesa uranium operation, which delivered its own production growth. The company has also advanced studies and permitting for the Gould’s Dam and Jasons satellite deposits, aiming to expand future supply using existing infrastructure.

What did Boss Energy management say?

Managing Director & CEO Matt Dusci said:

Our priorities for FY2027 are to safely progress the development plan outlined in the New Feasibility Study, continue improving operational performance and cost competitiveness, advance our satellite deposits and maintain disciplined capital management. We recognise that rebuilding confidence will require consistent execution and delivery against our commitments. This will remain a key focus as we move forward.

What’s next for Boss Energy?

Looking ahead, Boss Energy aims to build on its reset operational base by transitioning Honeymoon to the newly established wide-spaced wellfield approach. The plan is to steadily boost output, pursue further efficiency gains and optimise costs over the next development phase.

Further milestones include progressing Gould’s Dam and Jasons towards production and maintaining strong capital discipline. The company is also watching the uranium market closely as global demand remains strong amid a renewed focus on energy security and decarbonisation.

Boss Energy share price snapshot

Over the past 12 months, Boss Energy shares have declined 6%, trailing the All Ordinaries Index (ASX: XAO), which has risen 1% over the same period.

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The post Boss Energy reports profit turnaround and more uranium production in FY2026 appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.