Capricorn Metals Ltd (AU:CMM) has released an update.
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Capricorn Metals Ltd reported a decrease in gold production at Karlawinda Gold Project (KGP) for the March quarter, influenced by heavy rainfall, with a forecasted annual production of 112,000 to 115,000 ounces. Despite lower production, the company still generated a strong cash flow of $39.0 million and increased its cash and gold reserves. Additionally, significant growth was reported with the Mt Gibson Gold Project’s ore reserve increasing by 26% to 1.83 million ounces, reinforcing Capricorn’s position among mid-tier gold companies.
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