Capricorn Metals (ASX: CMM) eyes gold production of 115-125k ounces in FY24.

Wed 15 May 24, 03:26 AM | Team Kalkine

Image source: © Bashta | Megapixl.com

Highlights

Capricorn Metals Limited (ASX: CMM) engages in assessing, exploring, developing, and producing gold assets in Australia. The company owns the Karlawinda gold project, in the Pilbara region and the Mt Gibson Gold Project (MGGP) situated in the Murchison region of Western Australia.

In the first half of the financial year 2024 (1HFY24), gold sales of CMM increased by 34.22% YoY to AUD 91.79 million and gold revenue grew 25% YoY. The period saw 29.35% YoY rise in EBITDA to AUD 96.81 million and 35.36% YoY increase in profit after tax to AUD 54.36 million. At the end of half, the company had net cash of AUD 107 million.

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