By Digifin Pty Ltd · About this coverage
Key Points
- Karlawinda Q1 production 31,218oz; FY27 guide 137,000-147,000oz at AISC $1,900-$2,100/oz
- KEP completed on schedule and within budget; capacity now 6.5Mtpa, ~150,000ozpa expected
- Cash and gold on hand $535.0m at quarter end; underlying cash build $62.2m before growth capex
- Full costs and operating detail deferred to the Quarterly Report later in October 2026
About Capricorn Metals (ASX:CMM)
Capricorn Metals Ltd is an ASX-listed gold mining company headquartered in Perth. It owns and operates the Karlawinda Gold Project in the Pilbara region of Western Australia and holds the Mount Gibson and Golden Range gold projects in the state's Mid-West.
Capricorn Metals (ASX:CMM) gave a preliminary September 2026 quarter update for Karlawinda, reporting 31,218 ounces of gold production in line with the FY27 mine plan and saying the Karlawinda Expansion Project was completed on schedule and within budget.
Ore milled was 1,133,000 tonnes at 0.94 g/t head grade and 91.7% recovery. The company remains on track for FY27 guidance of 137,000 to 147,000 ounces at an AISC of $1,900 to $2,100 per ounce. KEP has been incorporated into Karlawinda, lifting processing capacity to 6.5Mtpa and expected production to 150,000 ounces per annum after commissioning on low-grade feed and a move to run-of-mine grade for Q2. Cash and gold on hand ended the quarter at $535.0 million (June quarter $507.0m), with underlying cash build of $62.2 million before $42.7 million of KEP and Mt Gibson capital spend and $8.5 million cash from the Big Springs divestment. Full operational and cost detail is due in the Quarterly Report later in October. The release does not provide quarterly AISC in this preliminary update.
Source: Capricorn Metals Ltd (ASX:CMM), 5 October 2026. Summary content supplied by Digifin Pty Ltd.
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