PRECIOUS METALS

Capricorn caps off strong gold year with strong June quarter

CAPRICORN Metals is targeting 115,000-125,000 ounces of gold in the current financial year after 118,432oz were produced in 2021/22 from its Karlawinda operation in Western Australia including 32,018oz at all-in-sustaining-costs of A$1199/oz in the June quarter.

Capricorn drilling at Mt Gibson, WA

Capricorn drilling at Mt Gibson, WA

Cash and gold on hand totaled $65.9 million at June 30, up $20.9 million from March 30. Capricorn reported cashflow from Karlawinda totaled $141 million. Capricorn has debt of about $50 million....

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