Latest Capricorn Metals (ASX:CMM) News

Capricorn Metals has agreed to acquire the Claw Gold Project adjacent to its Mt Gibson operation, aiming to unlock new gold resources in Western Australia’s prolific Murchison region.

Capricorn Metals capped FY25 with a strong Q4 at Karlawinda, delivering gold production at the upper guidance range while pushing forward major development milestones.

Capricorn Metals has fully repaid its remaining $50 million corporate debt ahead of schedule, positioning itself as debt and gold hedging free with strong cash reserves to back growth projects.

Capricorn Metals has extended its mining contract with MACA Ltd for Karlawinda and named MACA preferred contractor for Mt Gibson, locking in cost certainty and supporting production growth.

Capricorn Metals has closed out its last gold hedging contract, becoming fully exposed to gold price fluctuations while securing downside protection through put options. This strategic move positions the company to fund growth projects without additional debt or mandatory hedging.

Capricorn Metals announces the dismissal of charges against CEO Paul Criddle, who has resigned to focus on personal priorities. Executive Chairman Mark Clark takes over CEO duties, with plans to re-engage Criddle in a senior project role.

Capricorn Metals delivered a strong March quarter with rising gold output at Karlawinda, record operational cash flow, and significant progress on Mt Gibson development. The company also closed its gold hedging contracts, increasing exposure to gold price gains.

Capricorn Metals has secured the Mummaloo Project, significantly enlarging its Mt Gibson exploration tenure with promising gold targets just kilometres from existing resources. The $3.5 million deal includes tenements and key physical assets, setting the stage for focused exploration in 2025.

Capricorn Metals delivered a robust December quarter with rising gold production, record cash flow, and strategic expansions, positioning itself strongly for FY25 targets.

Capricorn Metals Ltd has reported a substantial 41% increase in the Ore Reserve Estimate at its Mt Gibson Gold Project, driven by ongoing drilling that continues to deliver exceptional high-grade results and promising underground potential.

Capricorn Metals has secured the Deadman Flat Project, adding 270 square kilometres to its Karlawinda Gold Project tenure in the Pilbara. This strategic acquisition enhances exploration potential along a highly prospective craton margin.