What were the key highlights from the Capricorn Metals (ASX:CMM) March quarterly report?

Capricorn Metals reported record operating cash flow of $143.1 million and declared its first-ever fully franked interim dividend of 5 cents per share.

How much gold did Capricorn Metals (ASX:CMM) produce and sell this quarter?

The company produced 30,358 ounces of gold during the March quarter, with year-to-date production reaching 93,152 ounces. Gold sales for the period totalled 29,009 ounces, generating $204 million in revenue at an average realized price of $7,034 per ounce.

What is the current production guidance for Capricorn Metals in FY26?

Capricorn Metals is currently on track to meet the upper end of its full-year guidance, which is set between 115,000 and 125,000 ounces of gold. This outlook is supported by consistent performance at the Karlawinda Gold Project throughout the first three quarters of the financial year.

How are the production costs for Capricorn Metals (ASX:CMM) trending?

The all-in sustaining costs (AISC) improved to $1,617 per ounce this quarter, down from $1,627 per ounce in the previous period.

What does the maiden dividend mean for Capricorn Metals (ASX:CMM) shareholders?

The declaration of a 5-cent per share maiden fully franked interim dividend signals that management believes the company has reached a stage of sustainable profitability and cash generation.

What is the status of the Capricorn Metals balance sheet and cash position?

As of the end of the March quarter, Capricorn Metals reported a strong liquidity position with $507.6 million in cash and gold bullion on hand.

What are the upcoming growth catalysts for Capricorn Metals (ASX:CMM)?

Investors should watch for the commissioning of the Karlawinda expansion, which remains on schedule for the first quarter of FY27.

Capricorn Metals hits record cash flow, declares dividend

Written by Heidi Cuthbert Published Apr. 28 2026Last Updated Apr. 28 2026

Capricorn Metals (ASX:CMM) delivered a robust March quarterly report headlined by record cash flows and a maiden dividend.

The Karlawinda Gold Project, located in the Pilbara region, produced 30,358 ounces during the period, underpinned by a highly efficient cost profile.

All-in sustaining costs improved to $1,617 per ounce, down from $1,627 in the previous quarter, defying broader inflationary pressures currently facing the mining sector.

The company’s financial performance was bolstered by a surge in gold prices, with sales of 29,009 ounces achieved at a remarkable average price of $7,034 per ounce.

This generated $204 million in quarterly revenue and drove operating cash flow to a record $143.1 million.

Capricorn reported total cash and gold bullion on hand of $507.6 million. The board declared a maiden fully franked interim dividend of 5 cents per share.

With year-to-date production now sitting at 93,152 ounces, Capricorn is on track to meet its upper-end guidance of 115,000 to 125,000 ounces for the 2026 financial year.

The miner confirmed that the Karlawinda expansion remains on schedule for commissioning in early FY27.