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Capricorn Metals Ltd ( (AU:CMM) ) has provided an update.
Capricorn Metals Ltd has released the results of its Orion South Underground Mining Conceptual Study, which indicates potential for underground mining at the Mt Gibson Gold Project. The study suggests that underground mining could complement existing open-pit operations, potentially increasing the project’s gold production profile. The company plans to conduct a Pre-Feasibility Study to explore concurrent underground and open-pit development, aiming to expedite growth opportunities. This development could significantly impact Capricorn’s operations by extending the mine’s life and enhancing its production capacity, thus strengthening its position in the gold mining industry.
The most recent analyst rating on (AU:CMM) stock is a Buy with a A$14.30 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 mining industry, primarily focused on gold production. The company is engaged in the exploration and development of gold projects, with a significant focus on the Mt Gibson Gold Project in Australia.
Average Trading Volume: 1,983,042
Technical Sentiment Signal: Buy
Current Market Cap: A$5.66B
Find detailed analytics on CMM stock on TipRanks’ Stock Analysis page.