Capricorn Metals produced 30,599 ounces of gold during the March 2025 quarter at its flagship Karlawinda gold project, up from 28,702oz in the previous quarter.
Capricorn Metals produced 30,599 ounces of gold during the March 2025 quarter at its flagship Karlawinda gold project, up from 28,702oz in the previous quarter.
As a result, gold-focused Capricorn has yielded 84,860oz to date, meaning it needs an additional 25,140oz to meet the bottom end of its 110,000-120,000oz annual production guidance target for the 2025 financial year.
The company told the market on Monday it expects to hit the midway point of this target.
“Gold production for the quarter was driven by a sustained emphasis on total material movement from the Bibra open pit, allowing the budgeted pit face positions to be met for the fourth consecutive quarter,” Capricorn said.
“This effort has delivered the steady increase in gold production quarter on quarter, aligning with expectations for a robust second half of FY25.”
As of March 31, Capricorn had $404.6 million worth of cash and gold on hand, up from $363.1 million during the December 2024 quarter.
Earlier this month, the gold miner announced it had filed documents with Serena Minerals to acquire Kings Find project tenement, located north of Capricorn’s Mt Gibson gold project in Western Australia’s Murchison region.
Overall, the transaction package is $1.5 million – which included a $100,000 cash deposit, which has already been paid. The remainder will be comprised of Capricorn shares.
Capricorn shares last changed hands at $7.93, down 6 per cent as of 9.50am AWST.
