Capricorn Metals Ltd ( (AU:CMM) ) has issued an update.
Capricorn Metals Ltd reported a strong financial performance for the half-year ending December 2024, with an underlying profit before tax increasing by 10% to $90.7 million, driven by a 31% rise in delivered gold prices and effective cost control amidst industry-wide inflationary pressures. The company achieved a robust EBITDA margin of 45% and generated significant cash flow, positioning it well to meet its annual production guidance of 110,000 to 120,000 ounces at a reduced all-in-sustaining-cost, reinforcing its strong market position and financial stability.
More about Capricorn Metals Ltd
Capricorn Metals Ltd is a company operating in the Australian gold mining industry, primarily focused on the exploration and development of gold projects. The company’s main operations are centered around the Karlawinda Gold Project, where it engages in gold production and related activities.
YTD Price Performance: 23.57%
Average Trading Volume: 1,025,137
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$3.2B
For a thorough assessment of CMM stock, go to TipRanks’ Stock Analysis page.