Latest Capricorn Metals (ASX:CMM) News

Small caps stole the week, led by a big funding deal in gold and two revenue breakouts. Meanwhile, some well-known names slid after profit updates failed to calm nerves on costs and outlooks.

Rare earths and gold dominated the tape, with one small-cap rare earth explorer ripping more than 70% on a single drilling headline. Gold producers, meanwhile, kept turning high bullion prices into dividends, buy-backs and bigger balance sheets.

Capricorn Metals Ltd has reported a landmark half-year performance with underlying profit before tax soaring 128% to $206.8 million, supported by strong gold production and cash flow. The company also declared its first fully franked interim dividend, signalling confidence in its growth trajectory.

Capricorn Metals has secured the Extension Hill and Mungada tenements adjacent to its Mt Gibson Gold Project, aiming to boost exploration potential in a prolific Western Australian gold belt.

Small caps did the heavy lifting this week, led by two big discovery stories in resources. Funding raises and takeover moves kept attention on who can pay for the next step, not just promise it.

Speculative money piled into new discoveries and tight-supply metals, while a handful of small caps were sold hard on thin liquidity. The week’s biggest moves came from PGMs and tungsten on the way up, and micro-cap gas on the way down.

Capricorn Metals reported solid December quarter gold production at Karlawinda, advanced its Mt Gibson exploration and development, and completed the Warriedar acquisition, positioning itself for growth in FY26.

Capricorn Metals reports solid Q2 gold production at Karlawinda, maintaining momentum towards the upper end of its FY26 guidance while advancing major expansion projects.

Capricorn Metals has secured the Yalgoo Project, significantly enlarging its Mt Gibson Gold Project tenure and setting the stage for new exploration in 2026.

Capricorn Metals Ltd’s CMMO securities have been reinstated to trading on the ASX after meeting compliance requirements, signaling renewed market activity. Investors will be watching closely to gauge the impact on liquidity and price movement.

Warriedar Resources has officially been acquired by Capricorn Metals through a court-approved scheme, with shareholders exchanging their holdings for Capricorn shares and options. The takeover culminates in Warriedar’s imminent delisting from the ASX.

Capricorn Metals Ltd has had its CMMO securities class suspended from ASX trading pending regulatory compliance, raising questions about the company’s next steps.