Mining Review 12th October 2025
Orla Mining announced a potential significant discovery at Musselwhite.
Capricorn Metals and Erdene Resource Development both announced updated resources. Continue reading
Tag Archives: Capricorn Metals
Capricorn Metals Confirm 4 m Ounces of Gold Reserves
Capricorn Metals (ASX: CMM)
Maintains group Ore Reserve Estimate at 30 June 2025 at 4 million ounces of gold after another strong year of production.
The ongoing drilling at the Mt Gibson Gold Project since the last ORE update for that project in November 2024 will be used to underpin an updated open pit ORE in Q3 FY26 and maiden underground ORE in H2 FY26. Continue reading
Mining Review 14th September 2025
Mining Review 14th September 2025
The price of gold hit an inflation adjusted all-time high this week, as economic uncertainty combines with political issues, and the Ukraine war grinds on.
Producing watchlist gold companies marched forward, with Capricorn Metals share price rising 6.62%, and Ora Banda Mining rising 4.6% in a positive week. Continue reading
Capricorn’s Karlawinda Expansion Project Siteworks Underway
Capricorn Metals (ASX: CML)
Reported that work has commenced on the ground at the Karlawinda Expansion Project with early progress achieved towards targeted first gold production in Q1 FY27.
The KEP will increase the processing capacity at Karlawinda to 6.5Mt per year and gold production to around 150,000 ounces per annum. Continue reading
Capricorn Metals to Acquire Warriedar Resources
Capricorn Metals (ASX: CMM)
Capricorn and Warriedar Resources Limited (ASX: WA8) announced that they have entered into a binding Scheme Implementation Deed under which it is proposed that Capricorn will acquire 100% of the securities in Warriedar by way of a Court-approved scheme of arrangement under Part 5.1 of the Corporations Act 2001. Continue reading
Capricorn Metals Mining Contract Awards
Capricorn Metals (ASX: CMM)
Has extended the Karlawinda Gold Project (KGP) mining contract with MACA Ltd (MACA) for a further five-year term, with a Capricorn option for further extension.
The contract extension confirms the existing unit rate pricing and includes the
larger mining fleet. Continue reading
Mining Review 18th May 2025
Mining Review 18th May 2025
Orla Mining’s Q1 loss disappointed the market and the shares were marked down harshly as a result.
West Red Lake Gold Mining are ramping up to production and the share price is stirring at last. Continue reading
Capricorn Metals Drilling Update
Capricorn Metals (ASX: CMM)
Published a Quarterly Exploration Update
Assays received from 89 resource definition holes (15,449 metres) since the last update in January 2025 continue to return exceptional results. Continue reading
Mining Review 27th April 2025
Mining Review 27th April 2025
Capricorn Metals dominated the news this week, first by announing the CEO has stood down whilst he contests a case of assault, and then the company announced a new land acquisition near Mt. Gibson.
Gold trod water, as did most metals as Trump started to backtrack on his tariffs. Continue reading
Capricorn Acquires the Ninghan Gold Project to Extend Mt. Gibson
Capricorn Metals (ASX: CMM)
Advised that it has entered into a binding agreement with Sabre Resources Ltd to acquire the prospective Ninghan Gold Project tenement package.
The Ninghan Gold Project covers approximately 77 square kilometres of tenure located contiguous to the north of Capricorn’s Mt Gibson Gold Project. Continue reading
Capricorn CEO Stands Down During Assault Investigation
Capricorn Metals (ASX: CMM)
The board advises that it has become aware that Chief Executive Officer Paul Criddle has been charged with the offence of aggravated assault, a charge to which he has pleaded not guilty. Paul has been granted leave pending the resolution of this personal matter. Continue reading
BPM Minerals Drill Results Disappoint
BPM Minerals (ASX: BPM)
Announced the assay results from the recently completed 84-hole, 3,647m aircore drilling program at the Claw Gold Project in Western Australia, that was targeting extensions of known mineralisation along an 8km highly prospective corridor. Continue reading
Capricorn Metals On Track for Production Guidance
Capricorn Metals (ASX: CMM)
Provided a preliminary update on the quarterly production at the Karlawinda Gold Project, which delivered another strong quarter of operations, producing 30,599 ounces of gold.
This result brings year to date production to 84,860 ounces, putting Capricorn in an excellent position to achieve the mid-point of FY25 guidance of 110,000 – 120,000 ounces at a cost guidance range of $1,370 – $1,470 per ounce. Continue reading
Capricorn Buys Out Its Hedge Book
Capricorn Metals (ASX: CMM)
Advised that it has closed out all of its remaining 55,000 ounces of gold forward sale hedge contracts with settlement via a bilateral transaction to issue Capricorn shares to Macquarie Bank Limited, the company’s hedging and debt financier. Continue reading
Capricorn Delivers Strong Half Year Results
Capricorn Metals (ASX: CMM)
Delivered strong half year results, aided by the strong gold price.
Underlying profit before tax increased by 10% to a $90.7 million from previous
corresponding period, reflecting strong operating performance. Continue reading
Mining Review 23rd February 2025
Mining Review 23rd February 2025
Calibre Mining announced record gold production and looked forward to commencing production at their Valentine mine this year.
Westgold issued a drilling update for the Beta Hunt mine in Western Australia. Continue reading
Capricorn Metals Publish New Corporate presentation
Capricorn Metals (ASX: CMM)
Published a new Corporate Presentation for the Bell Potter Conference.
Retail investors now own only 13% of the stock. Continue reading
Capricorn Acquires Mummaloo to Expand Mt Gibson Tenure
Capricorn Metals (ASX: CMM)
Advised that it has entered into a binding agreement with Top Iron Pty Ltd to acquire the prospective Mummaloo Project tenements and physical assets.
The Mummaloo Project covers approximately 219 square kilometres of tenure located contiguous to the north of Capricorn’s Mt Gibson Gold Project in the Murchison region of Western Australia. Continue reading
Capricon Expands Mt Gibson Project Tenure
Capricorn Metals (ASX: CMM)
Advised that it has entered into a binding agreement with Top Iron Pty Ltd to acquire the prospective Mummaloo Project tenements and physical assets.
The Mummaloo Project covers approximately 219 square kilometres of tenure located contiguous to the north of Capricorn’s Mt Gibson Gold Project. Continue reading
Mining Review 26th January 2025
Mining Review 26th January 2025
Westgold increased production in Q2 2025.
Gold Road Resources, West Red Lake Gold Mines, and Wesdome made positive news announcements Continue reading