ASX:CMMMetals and Mining
Why Capricorn Metals (ASX:CMM) Is Up 16.7% After Lifting Ore Reserves 33% To 5.24Moz
Capricorn Metals recently reported a 33% increase in its group ore reserve estimate to 5.24 million ounces of gold, driven by upgrades at the Karlawinda and Mt Gibson projects in Western Australia and supported by an updated Prefeasibility Study for Mt Gibson outlining a 19.25-year mine life.
This combination of larger reserves and a long-dated development plan materially reshapes the company’s project pipeline and long-term production profile.
We’ll now examine how the expanded ore reserve...