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Asia

Capricorn Metals Posts Lower Fiscal Q3 Gold Production

Capricorn Metals (ASX:CMM) reported gold production of 30,358 ounces from its Karlawinda project in Western Australia at an all-in sustaining cost (AISC) of AU$1,617 per ounce in the fiscal third quarter ended March 31, according to a Wednesday filing with the Australian bourse.The company produced 30,599 ounces of gold at an AISC of AU$1,390 per ounce during the March 2025 quarter, an earlier filing showed.Year-to-date gold production was 93,152 ounces at an AISC of AU$1,623 per ounce.The project is on track to achieve the upper end of fiscal year 2026 guidance of 115,000 to 125,000 ounces at an AISC of AU$1,530 to AU$1,630 per ounce.

ASX:CMM
Asia

Capricorn Metals Says Drill Holes at Underground Prospect Hit Significant Gold Mineralization

Capricorn Metals (ASX:CMM) said the first seven drill holes of an 18-hole diamond and reverse circulation drilling program at the Lexington underground prospect at the Mt Gibson gold project encountered significant gold mineralization, according to a Tuesday Australian bourse filing.These included intercepts of 13.1 meters at 13.93 grams per tonne grade of gold from 714.9 meters, as well as 28.6 meters at 5.35 g/t grade of gold from 431.8 meters.The reported intercepts range between 85 meters and 365 meters below current resources, or 210 meters and 470 meters below current open-pit ore reserves.

ASX:CMM
Asia

ASX Biggest Losers

Here are the seven ASX-listed companies with the biggest losses on Friday.4D Medical (ASX:4DX): -5%, AU$6.08Evolution Mining (ASX:EVN): -4%, AU$13.30Whitehaven Coal (ASX:WHC): -3%, AU$8.13Alcoa (ASX:AAI): -3%, AU$96.50Westgold Resources (ASX:WGX): -3%, AU$6.25New Hope (ASX:NHC): -2%, AU$5.33Capricorn Metals (ASX:CMM): -2%, AU$11.53

ASX 200ASX:4DXASX:AAIASX:CMMASX:EVNASX:NHCASX:WGXASX:WHC
Asia

Evolution Mining's March Quarter Results 'Mixed' With Gold Production in Line With Expectations, Jarden Says

Evolution Mining's (ASX:EVN) March quarter results were "mixed" with gold production in line with Jarden's estimate but slightly below consensus, while copper output beat the research firm's estimate but remained more than 20% below consensus, said Jarden in a Wednesday note.The company on Wednesday reported group production of 170,137 ounces of gold for the March quarter, down from 179,778 ounces of gold for the March 2025 quarter.Jarden expects the company to report 3.26 billion operating earnings before interest, taxes, depreciation, and amortization (EBITDA) in fiscal 2026 with operating revenue of AU$5.63 billion.The research firm added that Capricorn Metals (ASX:CMM) remains its sector preference on relative and absolute value, the "strongest" growth profile, and "sector-leading" management.Jarden maintained its underweight rating on Evolution Mining and increased its price target to AU$8.60 from AU$8.50.The company's shares fell almost 5% in recent Thursday trade, while Capricorn Metals' shares shed about 3%.

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