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Capricorn Metals Ltd ( (AU:CMM) ) has provided an announcement.
Capricorn Metals Ltd reported a strong third quarter with the Karlawinda Gold Project producing 30,599 ounces of gold, bringing the year-to-date total to 84,860 ounces. This positions the company well to meet its FY25 production guidance of 110,000 to 120,000 ounces. The company also reported a cash increase to $404.6 million, driven by efficient mining operations and strategic capital expenditures aimed at compressing construction timelines for its expansion projects. The completion of key infrastructure and progress on environmental and mining permits further support Capricorn’s growth trajectory.
More about Capricorn Metals Ltd
Capricorn Metals Ltd operates in the gold mining industry, focusing primarily on the extraction and production of gold. The company is known for its Karlawinda Gold Project (KGP) and is actively involved in expanding its operations through projects like the Mt Gibson Gold Project (MGGP) and the Karlawinda Expansion Project (KEP).
YTD Price Performance: 34.87%
Average Trading Volume: 1,696,663
Technical Sentiment Signal: Strong Sell
Current Market Cap: A$3.65B
For a thorough assessment of CMM stock, go to TipRanks’ Stock Analysis page.