Capricorn Metals delivers 30,437 gold ounces in June quarter

• Capricorn Metals reported June quarter gold production of 30,437 ounces at the Karlawinda Gold Project.
• The company held $507 million in cash and gold at the end of the period.
• Management is advancing construction and approvals to expand development across its core mining operations.

Capricorn Metals (ASX:CMM) delivered 30,437 ounces of gold from its core mining operations during the June quarter.

That output compared against production of 30,358 ounces recorded in the previous quarter.

The total material movement continues to meet construction requirements for the expansion project.

The business reported total cash and gold reserves of $507 million alongside an underlying cash build of $68.2 million for the period.

Following the announcement, the Capricorn Metals share price was down at $12.82.

The enterprise operates the Karlawinda Gold Project in Western Australia and holds ongoing development plans for the Mt Gibson Gold Project.