29Metals Ltd
ASX:29M
Gross Margin
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Gross Margin shows how much money a company keeps from each dollar of sales after paying for the products it sells. It tells how profitable the company`s core business is before other expenses.
Peer Comparison
| Country | Company | Market Cap |
Gross Margin |
||
|---|---|---|---|---|---|
| AU |
2
|
29Metals Ltd
ASX:29M
|
623.8m AUD |
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|
|
| AU |
|
Rio Tinto Ltd
ASX:RIO
|
251.7B AUD |
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|
|
| AU |
|
BHP Group Ltd
ASX:BHP
|
248.8B AUD |
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|
|
| UK |
|
Rio Tinto PLC
LSE:RIO
|
109.8B GBP |
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|
|
| MX |
|
Grupo Mexico SAB de CV
BMV:GMEXICOB
|
1.5T MXN |
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|
|
| CH |
|
Glencore PLC
LSE:GLEN
|
61.2B GBP |
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|
|
| SA |
|
Saudi Arabian Mining Company SJSC
SAU:1211
|
248.9B SAR |
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|
|
| CN |
|
CMOC Group Ltd
SSE:603993
|
414.4B CNY |
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|
|
| CN |
C
|
China Molybdenum Co Ltd
OTC:CMCLF
|
53.5B USD |
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|
|
| UK |
|
Anglo American PLC
LSE:AAL
|
36.9B GBP |
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|
|
| ZA |
A
|
African Rainbow Minerals Ltd
JSE:ARI
|
42.4B ZAR |
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|
Market Distribution
| Min | -6 907 100% |
| 30th Percentile | 21.6% |
| Median | 38.3% |
| 70th Percentile | 58.2% |
| Max | 2 095.9% |
Other Profitability Ratios
29Metals Ltd
Glance View
29Metals Ltd. engages in the exploration and development of copper and base and precious metals resources. The firm is engaged in exploring, developing and producing metals in the form of mineral concentrates which are sold to commodity trading firms or smelters for refining and on-sale as a refined metal product for end use. The firm has a portfolio of exploration interests, including regional tenement interests surrounding Capricorn Copper and Golden Grove, and a project in Redhill located in Chile. The Golden Grove mine is located in the mid-west region of Western Australia, approximately 450 kilometer (km) north-east of Perth and 250 km east of Geraldton. The Capricorn Copper is located approximately 120 km north of Mount Isa. The Redhill has a prospective for copper, silver and gold.
See Also
Gross Margin is calculated by dividing the Gross Profit by the Revenue.
The current Gross Margin for 29Metals Ltd is 7.5%, which is above its 3-year median of -8.1%.
Over the last 3 years, 29Metals Ltd’s Gross Margin has increased from 0.5% to 7.5%. During this period, it reached a low of -20.3% on Dec 31, 2023 and a high of 7.5% on Jul 30, 2025.
