Capricorn Metals Ltd (AU:CMM) has released an update.
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Capricorn Metals Ltd reports that its Karlawinda Gold Project produced 26,017 ounces of gold in Q3 despite setbacks from heavy rainfall, reaching a cash and gold reserve of $177.8 million after significant investment in infrastructure. The company anticipates gold production for the June quarter to be between 26,000 and 29,000 ounces, with a strong operational performance expected in the following fiscal year. Full financial and operational details are to be disclosed in their upcoming Quarterly Report.
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