29Metals expects $180-$210M impairment from Capricorn floods

COPPER miner 29Metals expects to include a $180-$210 million impairment, largely due to flooding at its Capricorn Copper mine in Queensland, in its results for the second half of the 2022-23 financial year.

29Metals expects $180-$210M impairment from Capricorn floods 29Metals expects $180-$210M impairment from Capricorn floods 29Metals expects $180-$210M impairment from Capricorn floods 29Metals expects $180-$210M impairment from Capricorn floods 29Metals expects $180-$210M impairment from Capricorn floods

Operations are back up and running at Capricorn.

The impairment 29Metals is expecting was also driven by reduced operating cash flows during the suspension of operations and the phased restart, along with damage to fixed assets and surface