Capricorn Metals Limited (ASX:CMM) Reports Strong Q4 Gold Production
Production and Operational Performance
Capricorn Metals (ASX: CMM) Karlawinda Gold Project (KGP) delivered a solid fourth quarter, producing 32,216 ounces of gold, bringing annual production to 117,076 ounces. This achievement falls within the upper end of the FY25 guidance range of 110,000 – 120,000 ounces. The All-in Sustaining Cost (AISC) is expected to remain within the FY25 cost guidance range of $1,370 – $1,470 per ounce. The mining fleet’s performance supported consistent quarterly increases in output and met the requirements of the Karlawinda Expansion Project ahead of schedule, reducing transition risks.
Financial Overview
The company reported cash and gold on hand of $356.4 million at the end of June 2025, down from $404.6 million in March 2025. Cash build for the quarter was $62.5 million before total capital expenditure of $10.8 million at the Mt Gibson Gold Project and the KEP, $50.0 million for hedge book closure, and $50.0 million debt repayment.
Development Projects
Development activities at the Mt Gibson Gold Project continued with $1.7 million spent on detailed design and procurement. The accommodation village was completed, and MACA was awarded preferred contractor status. At the Karlawinda Expansion Project, the mining contract with MACA was extended, the camp expansion was largely completed, and process plant design progressed to approximately 60% completion. Capricorn also submitted the final Public Environment Report to the Department of Climate Change, Energy, the Environment and Water, commencing public exposure and final assessment.
Motley Fool contributor Lauren Surplice has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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