Capricorn Metals Ltd announced half-yearly report and accounts

Capricorn Metals Ltd (ASX: CMM) announced 1HFY23 results as follows:

• As of 31 December 2022, the company reported its Net Profit Before income tax of AU$58,333,000 compared to AU$51.80 million in 31 December 2021.
• The company had a cash balance of AU$77.80 million on 31 December 2022 (30 June 2022: AU$61.50), with an additional 5,196 ounces of gold on hand available for sale.
• Gold revenue grew 16%, with 56,218 ounces sold at an average delivery price of AU$2,587 per ounce. A further 5,196 ounces of bullion were on hand and sold for AU$13.9 million in January 2023.
• First-time recognition of tax expenditure of AU$18.2 million at half-year, with carry forward tax losses still available at 31 December 2022.

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