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The latest announcement is out from Capricorn Metals Ltd ( (AU:CMM) ).
Capricorn Metals Ltd announced that its group Ore Reserve Estimate remains at 4.0 million ounces of gold as of June 30, 2025, following a strong year of production. The company is actively drilling at the Mt Gibson Gold Project to update its open pit and establish a maiden underground Ore Reserve, with significant increases in reserves at the Highway, Aries, and Comanche satellite pits. The updated reserves at MGGP offset the mining depletion at the Karlawinda Gold Project. The company maintains a conservative gold price for reserve estimation, which supports its low operating costs and growth potential.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$14.50 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, focusing on the exploration and development of gold projects. Its primary projects include the Karlawinda Gold Project (KGP) and the Mt Gibson Gold Project (MGGP) in Western Australia, both of which have substantial ore reserves and long mine lives.
Average Trading Volume: 1,708,808
Technical Sentiment Signal: Buy
Current Market Cap: A$5.82B
See more insights into CMM stock on TipRanks’ Stock Analysis page.