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29Metals (ASX:29M) Construction In Progress : A$32.9 Mil (As of Dec. 2023)


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What is 29Metals Construction In Progress?

29Metals's quarterly construction in progress declined from Dec. 2022 (A$21.4 Mil) to Jun. 2023 (A$0.0 Mil) but then increased from Jun. 2023 (A$0.0 Mil) to Dec. 2023 (A$32.9 Mil).

29Metals's annual construction in progress declined from Dec. 2021 (A$35.3 Mil) to Dec. 2022 (A$21.4 Mil) but then increased from Dec. 2022 (A$21.4 Mil) to Dec. 2023 (A$32.9 Mil).

29Metals Construction In Progress Historical Data

The historical data trend for 29Metals's Construction In Progress can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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29Metals Construction In Progress Chart

29Metals Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Construction In Progress
- 35.29 21.42 32.89

29Metals Semi-Annual Data
Dec21 Jun22 Dec22 Jun23 Dec23
Construction In Progress 35.29 - 21.42 - 32.89

29Metals Construction In Progress Calculation

It records the cost of construction work, which is not yet completed (typically, applied to capital budget items). A construction in progress item is not depreciated until the asset is placed in service. Normally, upon completion, a construction in progress item is reclassified, and the reclassified asset is capitalized and depreciated.

29Metals (ASX:29M) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » 29Metals Ltd (ASX:29M) » Definitions » Construction In Progress
Comparable Companies
ASX:BDM ASX:BOC ASX:STK ASX:A1M ASX:SMI ASX:XAM ASX:CEL ASX:CNB ASX:NWF ASX:MI6 ISX:AMMN JSE:AMS MIC:ALRS SZSE:000975 LSE:FRES ISX:MBMA JSE:IMP TSX:TFPM HL JSE:NPH
Traded in Other Exchanges
N/A
Address
150 Collins Street, Level 2, Melbourne, VIC, AUS, 3000
Website
https://www.29metals.com
29Metals Ltd is a copper-focused base and precious metals mining company. It has two long-life, producing assets: Golden Grove in Western Australia (copper, zinc, gold, and silver) and Capricorn Copper in Queensland (copper and silver).

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