🟡 Capricorn Metals Sees Early Gains from Karlawinda Expansion
ASX-listed Capricorn Metals delivered 30,476 oz of gold at its Karlawinda gold project in WA for Q2 FY2026, keeping production on track for the full-year guidance of 115,000–125,000 oz. The mine continues to operate at the post-expansion run rate of the Karlawinda Expansion Project (KEP).
Key Facts:
Quarter production: 30,476 oz gold; YTD: 62,794 oz
Recovery rate: 89.9% (slightly down from 90.3% in prior quarter)
Cash & gold on hand: $444 million, up from $394 million last quarter
Capital expenditure: $39 million, including $36.1 million at KEP (engineering, equipment, civil works, pre-production mining)
Development at Mt Gibson project ongoing, early works and design activities underway
Key milestones: Bulk earthworks completed at Karlawinda, 95% of process plant design scope finished, ball mill delivery scheduled Q3 FY2026
Expert Insight:
“Post-expansion production rates are stabilizing Karlawinda output while KEP development progresses, positioning Capricorn for strong full-year results and long-term growth,” says the company.
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