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Capricorn Metals Ltd ( (AU:CMM) ) has provided an update.
Capricorn Metals Ltd has extended its mining contract with MACA Ltd for the Karlawinda Gold Project for an additional five years, with an option for further extension. This contract includes a larger mining fleet to support increased production volumes, aligning with the Karlawinda Expansion Project’s goals of producing 150,000 ounces of gold annually. Additionally, Capricorn has chosen MACA as the preferred contractor for the Mt Gibson Gold Project, following a competitive tender process. This selection supports the project’s economic viability and allows for rapid mobilization once regulatory approvals are finalized, enhancing Capricorn’s operational readiness and strategic positioning in the gold mining industry.
The most recent analyst rating on (AU:CMM) stock is a Hold with a A$5.10 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 Ltd is a company operating in the mining industry, primarily focused on gold production. The company is involved in projects such as the Karlawinda Gold Project and the Mt Gibson Gold Project, aiming to expand its production capabilities and strengthen its market position in the Australian gold sector.
Average Trading Volume: 1,670,748
Technical Sentiment Signal: Buy
Current Market Cap: A$4.53B
For an in-depth examination of CMM stock, go to TipRanks’ Overview page.