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
Tag Archives: Capricorn Metals
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
Capricorn Announce the Acquisition of Deadman Flat Project
Capricorn Metals (ASX: CMM)
Has entered into an agreement with Peregrine Gold Ltd to acquire the prospective Deadman Flat Project tenements covering approximately 270 square kilometres located contiguous to the Company’s Karlawinda Gold Project tenure in the Pilbara region of Western Australia. Continue reading
Capricorn Metals Announces CEO Retirement and Succession
Capricorn Metals (ASX: CMM)
Advised that Chief Executive Officer (CEO) Kim Massey will retire at the end of January 2025. Kim has overseen the transition of Capricorn from an advanced exploration company to a low-cost gold producer with multiple growth projects.
Current Chief Operating Officer (COO) Paul Criddle has been appointed CEO, reporting to Executive Chairman Mark Clark, effective 3 February 2025. Continue reading
Capricorn Metals Reserves Grow to 4 Million Ounces of Gold
Capricorn Metals (ASX: CMM)
Ongoing drilling at the Mt Gibson Gold Project (MGGP) has delivered a significant increase of 758,000 ounces (41%) in the Ore Reserve Estimate (ORE).
Update of the April 2023 Pre-feasibility Study confirms MGGP as a transformative, fully funded second mine for Capricorn. Continue reading
Capricorn Significantly Expands Karlawinda Project Tenure
Capricorn Metals (ASX: CMM)
Advised that it has entered into an agreement with Latitude 66 Ltd. to acquire the prospective Sylvania Project tenements covering approximately 1,740 square kilometres located contiguous to the Company’s Karlawinda Gold Project tenure in the Pilbara region of Western Australia. Continue reading
Capricorn raises $200 million to Underpin Growth
Capricorn Metals (ASX: CMM)
Announced it has received firm commitments for an institutional placement of new fully paid shares to raise $200 million (before costs) at an issue price of $6.00 per share.
The placement was strongly supported by existing institutional shareholders. Continue reading
Mining Review 3rd November 2024
Mining Review 3rd November 2024
Capricorn Metals announced a $200 million financing to increase Karlawinda gold production by 2026.
Gold and silver fell slightly, industrial metals rose a little as US election fever and Chinese economic news ebb and flow. Continue reading
Capricorn Metals Karlawinda to Increase Gold Production
Capricorn Metals (ASX: CMM)
Announced Board approval for the expansion of the KGP. The expansion will incorporate the installation of a new three stage crushing and ball mill circuit to increase processing capacity to 6.5Mtpa.
The average annual gold production from the expanded KGP is expected to be in the order of 150,000 ounces. Continue reading