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Highlights
- Record Quarterly Production: Karlawinda Gold Project yielded 28,702 ounces of gold in the December quarter.
- Strong FY25 Guidance: Company expects annual production of 110,000–120,000 ounces, with a half-year total of 54,261 ounces achieved.
- Cost Efficiency Maintained: All-in-sustaining cost (AISC) forecast remains within the $1,370–$1,470 per ounce range.
Capricorn Metals (ASX:CMM) is well-positioned to meet its gold production targets for the 2025 fiscal year, bolstered by a record performance at its flagship Karlawinda Gold Project in Western Australia. The December quarter saw an impressive output of 28,702 ounces of gold, pushing the half-year production total to 54,261 ounces—comfortably within the company's midpoint guidance range.
For FY25, Capricorn has projected gold production to range between 110,000 and 120,000 ounces, indicating a robust outlook for the remainder of the fiscal year. Additionally, the company's all-in-sustaining cost (AISC) is anticipated to align within the guidance range of $1,370 to $1,470 per ounce, demonstrating its commitment to cost-effective operations.
Operational Highlights
The December quarter focused heavily on maintaining momentum at the Bibra open pit, a critical site within the Karlawinda project. Mining activities were directed toward ensuring the pit face positions remained on budget, setting the stage for stronger production in the second half of FY25.
Capricorn also commenced pre-stripping works in the Southern Corridor extension of the Bibra deposit, aiming to expand its operational capacity. Meanwhile, gold recovery rates remained robust at 92%, a figure consistent with budgeted expectations.
Strong Outlook for FY25
With operations running efficiently and costs under control, Capricorn expects to deliver even stronger results as the year progresses. The company's strategic focus on material movement and pre-stripping will further enhance its capacity to meet and possibly exceed production targets.
Trading at $6.37 per share as of this morning, Capricorn Metals continues to show resilience and growth potential.
