Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Capricorn Metals Ltd ( (AU:CMM) ) has shared an announcement.
Capricorn Metals Limited has received regulatory approval from the Western Australian Department of Energy, Mines, Industry Regulation and Safety for the development of the Karlawinda Expansion Project. This approval allows the company to proceed with expanded mining activities, construction of new facilities, and an increase in processing capacity from 4Mtpa to 6.5Mtpa, ultimately boosting annual gold production by 25% to 150,000 ounces. The expansion is expected to enhance Capricorn’s operational efficiency and shareholder value, positioning the company for growth 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 Limited operates in the mining industry, focusing primarily on gold production. The company is engaged in the development and expansion of mining projects, with a significant focus on the Karlawinda Gold Project in Western Australia.
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.