InvestSMART

Capricorn Metals Ltd (ASX:CMM)

ALERT: Price-sensitive ASX Announcement for CMM
Current share price for CMM : $12.020 -2.55 (-17.50%)+
Announcement
Release
7 Jan 2026 8:27AM
Price at Release
$14.570
Full Release
download
Summary
Capricorn Metals Ltd released the December 2025 quarterly production update for the Karlawinda Gold Project, reporting strong operational performance with 30,476 ounces of gold produced, meeting the fiscal year's mine plan. The year-to-date gold production reached 62,794 ounces, positioning the project to achieve the upper end of the FY26 guidance. The company reported a cash and gold on hand of $444.2 million, an increase from the previous quarter. Significant capital expenditure at the Karlawinda Expansion Project and Mt Gibson Gold Project was noted, with progress made in engineering, construction, and mining activities. The company's strategic focus on advancing key projects was highlighted as part of its growth plan.
Key Points
  • Capricorn Metals Ltd reported December 2025 quarterly production at the Karlawinda Gold Project.
  • The project produced 30,476 ounces of gold, aligning with the FY26 mine plan.
  • Year-to-date gold production reached 62,794 ounces, targeting the upper end of FY26 guidance.
  • Capital expenditure at Karlawinda Expansion Project (KEP) totalled $36.1 million.
  • Development activities at Mt Gibson Gold Project (MGGP) involved $2.9 million in capital spend.
  • Bulk earthworks at plant sites and other key construction works were advanced.
  • Mining activities continued in Berwick pit, supporting the expansion project.
  • Company's cash and gold holdings increased to $444.2 million by the quarter's end.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.