Key points
- Q1 gold production of 31,218 ounces
- Karlawinda Expansion Project completed on schedule
- FY27 production guidance of 137,000 - 147,000 ounces
Full summary
Capricorn Metals Limited has released a preliminary update on the September 2026 quarter (Q1) production at the Karlawinda Gold Project (KGP). The company produced 31,218 ounces of gold, in line with the FY27 mine plan. Construction of the Karlawinda Expansion Project (KEP) was successfully completed on schedule and within budget, increasing processing capacity to 6.5Mtpa and expected production to 150,000 ounces per annum. The company is on track to achieve FY27 guidance of 137,000 - 147,000 ounces at an AISC of $1,900 - $2,100 per ounce. Development activities at the Mt Gibson Gold Project (MGGP) have also advanced, with federal approval received and the Environmental Review Document lodged.
Guidance
FY27 production guidance of 137,000 - 147,000 ounces
Outlook
Capricorn Metals is optimistic about achieving FY27 production guidance, with the successful completion of the expansion project and ongoing development activities at MGGP.