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Capricorn Metals Ltd ( (AU:CMM) ) has provided an announcement.
Capricorn Metals Ltd has reported a significant increase in its Mineral Resource Estimation at the Mt Gibson Gold Project, with a 13% rise to 4.5 million ounces of gold. This includes a maiden underground resource at Orion South and the Highway deposit. The company has completed extensive drilling programs, revealing high-grade gold intercepts that suggest potential for further underground mining operations. Additionally, Capricorn has consolidated its holdings on the Yalgoo-Singleton Greenstone Belt through the acquisition of the Ninghan Gold Project tenements. These developments underscore Capricorn’s strategic efforts to enhance its resource base and strengthen its position in the gold mining sector.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$7.10 price target. To see the full list of analyst forecasts on Capricorn Metals Ltd stock, see the AU:CMM Stock Forecast page.
More about Capricorn Metals Ltd
Capricorn Metals Ltd is a company operating in the gold mining industry, primarily focused on exploration and development of gold projects. Its key projects include the Mt Gibson Gold Project and the Karlawinda Gold Project, which are situated in Australia. The company is dedicated to expanding its mineral resource base and enhancing its mining operations.
Average Trading Volume: 1,452,872
Technical Sentiment Signal: Buy
Current Market Cap: A$3.87B
See more data about CMM stock on TipRanks’ Stock Analysis page.