Capricorn Metals reported that its Karlawinda Gold Project yielded 26,017 ounces of gold in the March quarter despite rainfall hampering operations.

This aligns with their prior update in March, which adjusted expectations due to over 280mm of rain affecting open pit mining activities.

The company ended the quarter with $177.8 million in cash and gold, marking a $27.6 million increase before discretionary expenditures on the Mt Gibson Gold Project.

For the June quarter, the company anticipates gold production between 26,000 and 29,000 ounces and is prioritising efforts to mitigate the residual effects of the rain for a robust operational performance in FY25.