Capricorn Metals delivers 123,589 gold ounces in FY26

• Capricorn Metals reached the upper end of its annual guidance by producing 123,589 ounces of gold in the 2026 financial year.
• The company maintained a total cash and gold balance of $507 million after funding capital expenditures and a maiden dividend.
• Management continues to advance development activities at the Karlawinda Expansion Project and the Mt Gibson Gold Project.

Capricorn Metals (ASX:CMM) produced 30,437 gold ounces in the June quarter, reaching 123,589 ounces for the 2026 financial year.

The full-year result sat at the upper end of the company's production guidance range of 115,000 to 125,000 ounces.

The company stated that full-year all-in sustaining costs are expected to settle between $1,530 and $1,630 per ounce.

Total cash and gold reserves reached $507 million after a quarterly underlying cash build of $68.2 million before capital costs.

Following the announcement, the Capricorn Metals share price was up at $14.03.

The business recently received federal environmental approval for its separate Mt Gibson Gold Project to advance its development pipeline.

Furthermore, the company executed an agreement to divest its non-core Big Springs Gold Project in Nevada for up to $26 million.