Capricorn Metals Ltd (AU:CMM) has released an update.
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Capricorn Metals Ltd reports solid June quarter with gold production of 26,835 ounces, contributing to the full year’s total of 113,007 ounces, meeting annual projections. Despite a slight increase in costs, the company boasts strong operational cashflow and a significant cash reserve after strategic hedge book adjustments. Looking ahead, they aim for a production of 110,000 – 120,000 ounces next year, alongside active development and exploration initiatives, including drilling programs showing promising results.
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