ASX:CMM

Capricorn Metals Fiscal 2026 Underlying EPS, Revenue Up

Capricorn Metals (ASX:CMM) logged AU$0.7337 in underlying EPS for fiscal 2026, compared with AU$0.5093 a year ago, a Thursday filing showed.Analysts polled by FactSet expected AU$0.73.For the 12 months ended June 30, sales revenue was AU$769.3 million versus AU$528.2 million previously, the Australia-listed gold producer and explorer added. Analysts surveyed by FactSet expected AU$760.4 million.The company's board declared a final dividend of AU$0.05 per share, payable Oct. 9 to shareholders of record as of Sept. 17.Capricorn Metals guided for fiscal 2027 gold production of 137,000 ounces to 147,000 ounces at an all-in sustaining cost of AU$1,900 to AU$2,100 per ounce.

Capricorn Metals Posts Fiscal 2026 Underlying EPS of AU$0.7337, Sales Revenue of AU$769.3 Million

Capricorn Metals Completes US Gold Project Divestment to Sentinel Metals for AU$13.7 Million Upfront

Capricorn Metals (ASX:CMM) completed the divestment of its Big Springs gold project in the US to Sentinel Metals (ASX:SNM), according to a Wednesday Australian bourse filing.The company received an upfront consideration of AU$13.7 million, comprising an AU$8.5 million cash payment and a 6.2% shareholding in Sentinel worth AU$5.2 million.The company said it will also receive a further AU$12.5 million in deferred payments.Capricorn Metals' shares rose 1% in recent Wednesday trade, while Sentinel Metals fell 1%.

Capricorn Metals to Acquire Western Australia Project from Latitude 66

Capricorn Metals (ASX:CMM) has agreed to acquire the prospective Piastri Project tenement package in Western Australia's Mid-West from Latitude 66 (ASX:LAT) for AU$1.5 million, according to a Friday filing with the Australian bourse.The consideration will be paid through the issue of the company shares priced at the company's 20-day volume-weighted average price, per the filing.The 15.2 square kilometer Piastri Project, contiguous with the company's Golden Range tenure and located just 200 meters from the Ricciardo Mineral Resource, is considered highly prospective for shear-hosted gold-antimony mineralization along the Mougooderra shear zone, the filing said.The company plans to conduct geological and regolith mapping, geochemical sampling and targeted drilling to evaluate the project's resource potential, the filing added.

Capricorn Metals Enters Fiscal 2027 With Strong Operating Momentum After 'Robust' June Quarter, Jarden Says

Capricorn Metals (ASX:CMM) delivered "robust and consistent" performance in the June quarter with gold production of around 30,000 ounces, and enters fiscal 2027 with strong operating momentum, Jarden said in a late Tuesday note.The investment firm raised its financial forecasts for Capricorn and now expects the company to report a fiscal 2026 net profit after tax of AU$286 million on revenue of AU$769 million.The company guided for fiscal 2027 production of 137,000 to 147,000 ounces, but that outlook appears conservative, Jarden said. The equity research firm maintained its forecast at 150,000 ounces on an expectation that the expanded Karlawinda mill will outperform rated capacity.Capricorn Metals is a high growth gold producer with more than AU$500 million of net cash on its balance sheet and "immense potential upside from exploration and development activities," Jarden said.The company "remains our preferred gold exposure for absolute and relative valuation appeal, sector-leading growth, and strong management," it added.Jarden maintained a buy rating on Capricorn Metals with a target price of AU$16.50.The company's shares gained nearly 6% in recent Wednesday trade.

Capricorn Metals Posts Lower Fiscal Q4 Gold Production, Sales

Capricorn Metals (ASX:CMM) reported gold production of 30,437 ounces from its Karlawinda gold project (KGP) in Western Australia at an all-in sustaining cost (AISC) of AU$1,648 per ounce in the fiscal fourth quarter ended June 30, according to a Friday filing with the Australian bourse.The company produced 32,216 ounces of gold at an AISC of AU$1,381 per ounce during the June 2025 quarter, an earlier filing showed.Gold sales for the quarter were 34,271 ounces at an average realized price of AU$6,267 per ounce, compared with gold sales of 35,821 ounces at an average realized price of AU$5,137 per ounce in the prior corresponding period.Fiscal year 2026 gold production was 123,589 ounces at an AISC of AU$1,629 per ounce.The company expects fiscal year 2027 gold production to be 137,000 to 147,000 ounces at an AISC of AU$1,900 to AU$2,100 per ounce, with KGP anticipated to operate broadly at its post-expansion long-term run rate of 150,000 ounces per annum for the final three quarters following commissioning in the first quarter.The company's shares rose 2% in recent Friday trade.

Capricorn Metals Reports Increase in Group Ore Reserve Estimate at Western Australia Projects

Capricorn Metals (ASX:CMM) reported a 33% increase in its group ore reserve estimate at the Karlawinda project and Mt Gibson project in Western Australia to 5.2 million ounces of gold from 3.9 million ounces last year, according to a Monday filing with the Australian bourse.The group mineral resource estimate was also up 29% to 8.7 million ounces of gold from 6.7 million ounces, the filing said.

Capricorn Metals Aspires to Hit 500,000 Ounces of Annual Gold Production Within Five Years

Capricorn Metals (ASX:CMM) hoped to reach a production level of 500,000 ounces of gold per year within five years, according to a Monday filing with the Australian bourse.The company disclosed the "Range 500" aspiration after making "significant progress" at its Western Australia-based Karlawinda and Mt Gibson gold projects, per the filing.A study is underway to evaluate the technical and financial viability of a second Mt Gibson processing hub at the Golden Range project, with preliminary results due in the second quarter of fiscal 2027, while Karlawinda's expansion to 150,000 ounces per annum is nearing completion, the company said.Capricorn Metals said Range 500 is an "aspirational target," and it does not yet have reasonable grounds to believe the outcome can be achieved.

Pantoro Could Become Takeover Target as it Works to Regain Market Trust, Euroz Hartleys Says; Shares Gain 6%

Pantoro (ASX:PNR) is expected to be susceptible to a potential takeover as the company attempts to regain market trust over the next six to 12 months after its June quarter production missed expectations, Euroz Hartleys said in a Friday note.The quarterly gold production of 18,028 ounces trailed the investment firm's estimate of 24,000 ounces and brought fiscal year 2026 production to 77,408 ounces. The full-year result missed the company's downgraded guidance of 86,000 to 96,000 ounces."We doubt the market will believe that this is the final reset for [Pantoro] until numerous quarters of guidance is achieved," the equity research firm said.It flagged Ora Banda Mining (ASX:OBM), Bellevue Gold (ASX:BGL), Catalyst Metals (ASX:CYL), Gold Fields, Regis Resources (ASX:RRL), and Capricorn Metals (ASX:CMM) as parties that could be interested in Pantoro, noting that some of those potential bidders are trading at large premiums to Pantoro's roughly AU$800 million market cap.Euroz Hartleys lowered its fiscal year 2027 production forecast for Pantoro to 93,000 ounces at an all-in sustaining cost of AU$3,102 per ounce from a previous estimate of 103,000 ounces at AU$2,850 per ounce.It maintained a speculative buy recommendation on Pantoro while reducing the target price to AU$3.53 per share from AU$6.52.The company's shares advanced 6% in recent Friday trade as the broader materials sector also gained.

Capricorn Metals Says Western Australia Gold Project Hit Top End of Fiscal 2026 Production Guidance

Capricorn Metals (ASX:CMM) said its Karlawinda gold project in Western Australia produced 30,437 ounces of gold in the June quarter, brining fiscal 2026 production to 123,589 ounces, according to a Monday filing with the Australian bourse.The annual result is at the upper end of the company's fiscal 2026 production guidance range of 115,000 to 125,000 ounces, and Capricorn Metals also expects all-in sustaining costs for the year to be within its guidance range of AU$1,530 to AU$1,630 per ounce.In the same period last year, Karlawinda produced 32,216 ounces of gold, an earlier filing showed.The company reported cash and gold on hand at the end of the June of AU$507 million, compared with AU$507.6 million at the end of March, per the Monday filing.

Capricorn Metals Agrees to Sell Nevada Project to Sentinel Metals for Up to AU$26 Million

Capricorn Metals (ASX:CMM) agreed to sell the Big Springs project in Nevada to Sentinel Metals (ASX:SNM) for up to AU$26 million, according to a Thursday filing with the Australian bourse.Consideration includes AU$8.5 million in cash, AU$5 million worth of shares in Sentinel, and AU$12.5 million in contingent consideration payable upon achieving certain milestones, the filing said.The divestment is subject to certain conditions precedent, including Sentinel raising at least AU$15 million in new funds and securing shareholder approval for the transaction and capital raise, per the filing.

Australian Shares Down; Euroz Hartleys Group Agrees to Sell Capital Markets Business to BMO Australia

Australian shares closed lower on Tuesday as gold prices fell on prospects of cessation of the conflict in the Middle East, as well as a strengthening US dollar.The S&P/ASX 200 Index declined 0.51%, or by 44.70 points, to close at 8,778.70.Brent crude oil futures were trading around pre-conflict prices of $72 per barrel after the US and Iran had agreed to halt renewed hostilities. Gold fell to around $4,000 per ounce.On the domestic front, Australia's total credit rose 0.7% month over month in May, following a 0.7% increase in April, data from the Reserve Bank of Australia (RBA) showed. Housing credit rose 0.5% after edging 0.6% higher the previous month, while personal credit inched up 0.6%, following a 0.2% increase.Australian consumer confidence rose 3.1 points in the week of June 22 to 28 to 75.9 points, its highest level since early March, ANZ said. The four-week moving average rose 1.8 points to 72.6 points.Almost half, or 46%, of businesses in Australia reported operating expenses had increased over the past four weeks, data from the Australian Bureau of Statistics showed. Fuel prices, which jumped 71%, and business overheads, which rose 65%, were reported as the main reasons for increased operating expenses.In company news, Euroz Hartleys Group's (ASX:EZL) Euroz Hartleys unit agreed to sell its Capital Markets business to BMO Australia, a subsidiary of the Bank of Montreal, for AU$145 million. Euroz Hartleys and BMO will also enter into an alliance agreement to maintain the relationship between the Capital Markets and Private Wealth businesses.Capricorn Metals' (ASX:CMM) Crimson Metals subsidiary received approval from the Commonwealth Department of Climate Change, Energy, the Environment, and Water for the expansion and operation of the Mount Gibson project in Western Australia.Collins Foods (ASX:CKF) reported fiscal 2026 underlying earnings of AU$0.52 per basic share from continuing operations, up from AU$0.461 a year earlier. Revenue for the 12 months ended May 3 was AU$1.59 billion, compared with AU$1.47 billion a year earlier.

Capricorn Metals Unit Receives Federal Environment Approval for Western Australia Project

Capricorn Metals' (ASX:CMM) Crimson Metals subsidiary received approval from the Commonwealth Department of Climate Change, Energy, the Environment, and Water for the expansion and operation of the Mount Gibson project in Western Australia, according to a Tuesday filing with the Australian bourse.The clearance enables the company to finalize the primary state approvals needed for the project under the Environmental Protection Act 1986 (WA), the filing said.The company expects development activities to start in the December quarter, per the filing.

UBS Starts Capricorn Metals at Buy with AU$17 Price Target

Capricorn Metals (ASX:CMM) has an average rating of buy and mean price target of AU$18.03, according to analysts polled by FactSet.

ASX Biggest Losers

Here are the ASX-listed companies with the biggest losses on Wednesday.Predictive Discovery (ASX:PDI): -8%, AU$0.86Beach Energy (ASX:BPT): -7%, AU$0.87Orezone Gold (ASX:ORE): -6%, AU$2.28Ora Banda Mining (ASX:OBM): -5%, AU$1.17Alkane Resources (ASX:ALK): -5%, AU$1.52Arafura Rare Earths (ASX:ARU): -5%, AU$0.25Resolute Mining (ASX:RSG): -5%, AU$1.03Genesis Minerals (ASX:GMD): -4%, AU$5.57Catalyst Metals (ASX:CYL): -4%, AU$5.48Capricorn Metals (ASX:CMM): -4%, AU$12.76

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.

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 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

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%.