Is Capricorn Metals Poised to Hit the Top End of Its FY26 Gold Output Target?
Source: Kapitales Research
Highlights:
Capricorn Metals Limited (ASX: CMM) said it is on track to deliver at the top end of its FY26 production guidance of 115,000–125,000 ounces, lifting shares 1.7%.
Strong output from the Karlawinda operation continues to underpin confidence in meeting full-year targets.
Progress on expansion projects is strengthening the outlook for future production growth and mine life.
Strong Production Update Lifts Shares
Capricorn Metals Limited (ASX: CMM), the Australian gold miner behind the Karlawinda Gold Project in Western Australia, saw its shares climb around 1.7 per cent after confirming it remains on track to deliver production at the upper end of its FY26 guidance range of 115,000 to 125,000 ounces of gold. At the time of writing, this upbeat update reflects solid quarterly output and ongoing confidence in the company’s operating momentum.
Karlawinda Driving Performance
In its latest production report, Capricorn revealed that the December 2025 quarter delivered 30,476 ounces of gold from Karlawinda, contributing to a year-to-date total that keeps the company on pace for the top of its full-year forecast. The result was in line with internal plans and reinforced expectations that Karlawinda’s performance will continue to support full-year guidance. Operators also highlighted that key cost metrics — including all-in sustaining costs — remain within the targeted range of $1,530–$1,630 per ounce, an important factor for maintaining profitability even as production scales.
Expansion Projects Underway
While production remains the immediate focus, Capricorn is also progressing expansion projects at Karlawinda and the nearby Mt Gibson Gold Project. These initiatives are designed to boost future output and extend mine life, with major infrastructure and processing works advancing on schedule.
Market Reaction and Outlook
Investors responded positively to Capricorn’s production update, pushing the stock higher as confidence grows that the company can hit its most ambitious forecast levels. Although quarterly figures can vary, the consistent operating performance at Karlawinda and clear progress on expansion works have positioned Capricorn to deliver on its FY26 targets.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Is Capricorn Metals Poised to Hit the Top End of Its FY26 Gold Output Target?
Highlights:
Strong Production Update Lifts Shares
Capricorn Metals Limited (ASX: CMM), the Australian gold miner behind the Karlawinda Gold Project in Western Australia, saw its shares climb around 1.7 per cent after confirming it remains on track to deliver production at the upper end of its FY26 guidance range of 115,000 to 125,000 ounces of gold. At the time of writing, this upbeat update reflects solid quarterly output and ongoing confidence in the company’s operating momentum.
Karlawinda Driving Performance
In its latest production report, Capricorn revealed that the December 2025 quarter delivered 30,476 ounces of gold from Karlawinda, contributing to a year-to-date total that keeps the company on pace for the top of its full-year forecast. The result was in line with internal plans and reinforced expectations that Karlawinda’s performance will continue to support full-year guidance. Operators also highlighted that key cost metrics — including all-in sustaining costs — remain within the targeted range of $1,530–$1,630 per ounce, an important factor for maintaining profitability even as production scales.
Expansion Projects Underway
While production remains the immediate focus, Capricorn is also progressing expansion projects at Karlawinda and the nearby Mt Gibson Gold Project. These initiatives are designed to boost future output and extend mine life, with major infrastructure and processing works advancing on schedule.
Market Reaction and Outlook
Investors responded positively to Capricorn’s production update, pushing the stock higher as confidence grows that the company can hit its most ambitious forecast levels. Although quarterly figures can vary, the consistent operating performance at Karlawinda and clear progress on expansion works have positioned Capricorn to deliver on its FY26 targets.
Disclaimer for Kapitales Research
The materials provided by Kapitales Research, including articles, news, data, reports, opinions, images, charts, and videos ("Content"), are intended for personal, non-commercial use only. The primary goal of this Content is to educate and inform readers. This Content is not meant to offer financial advice, nor does it include any recommendation or opinion that should be relied upon for making financial decisions. Certain Content on this platform may be sponsored or unsponsored, but it does not serve as a solicitation or endorsement to buy, sell, or hold any securities, nor does it encourage any specific investment activities. Kapitales Research is not authorized to provide investment advice, and we strongly advise users to seek guidance from a qualified financial professional, such as a financial advisor or stockbroker, before making any investment choices. Kapitales Research disclaims all liability for any direct, indirect, incidental, or consequential damages arising from the use of the Content, which is provided without any warranties. The opinions expressed by contributors or guests are their own and do not necessarily reflect the views of Kapitales Research. Media such as images or music used on this platform are either owned by Kapitales Research, sourced through paid subscriptions, or believed to be in the public domain. We have made reasonable efforts to credit sources where appropriate. Kapitales Research does not claim ownership of any third-party media unless explicitly stated otherwise.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au