29Metals (ASX:29M) has provided updated guidance for the Capricorn Copper mine for 2023 after completing recovery planning following an extreme rainfall event and cessation of operations.

The company said the updated figure for ore mined was 514 to 584 kilo tonnes, and that the guidance includes preliminary numbers for mid-H1 2024 and is subject to change.

It also said the Capricorn Copper mine is a high-grade copper and silver underground mine with multiple ore sources, and has a current mine life in excess of ten years, and a pipeline of organic growth opportunities.

Shares in 29 Metals are currently trading at $1.02.