Capricorn Metals stock gains 3.13 percent as expansion pays off

Published on 10/07/2026 at 03:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Capricorn Metals stock was trading at AUD 14.84 on October 7, 2026, after Q1 output reached 31,218 ounces. The expansion raises capacity to 6.5 million tonnes annually.

Capricorn Metals, AU000000CMM9, Illustration mit AI erstellt.

Capricorn Metals stock was trading at AUD 14.84 on the ASX on October 7, 2026, up 3.13 percent from the prior close. The latest operating update puts 31,218 ounces of gold production in Q1 FY27 at the center of the investment case, while the Karlawinda expansion has been completed on schedule.

Production rises in Q1 FY27

According to The Motley Fool on October 5, 2026, Q1 production reached 31,218 ounces, compared with 30,437 ounces in Q4 FY26. The same update said the Karlawinda Expansion Project was completed on time and within budget, supporting FY27 production guidance of 137,000-147,000 ounces.

The expanded operation now has processing capacity of 6.5 million tonnes per year, with annual production targeted at 150,000 ounces. Capricorn also reaffirmed an FY27 all-in sustaining cost range of AUD 1,900-2,100 per ounce, making cost control the key test as higher throughput moves through the plant.

Cash generation supports growth

Cash and gold on hand stood at AUD 535.0 million on September 30, 2026, up from AUD 507.0 million on June 30, 2026. The quarter produced an underlying cash build of AUD 62.2 million before AUD 42.7 million of capital expenditure, according to The Motley Fool.

That operating progress follows a record FY26. Kapitales Research reported sales revenue of AUD 769.3 million and underlying profit after tax of AUD 327.2 million for the fiscal year ended June 30, 2026, compared with AUD 206.4 million in FY25. The comparison gives the new production capacity a stronger financial base.

Stock rebounds above AUD 14

Capricorn Metals stock was trading at AUD 14.84 on October 7, 2026, with an intraday range of AUD 14.53 to AUD 14.89. Its 52-week range was AUD 9.41 to AUD 18.26, while volume stood at 350,459 shares and market capitalization at AUD 6.8 billion.

The immediate stock reaction is positive, but the next operating milestone is execution at the expanded plant. Mt Gibson development also depends on remaining state approvals, while the reaffirmed AISC range leaves costs and gold prices as the main variables for the FY27 outlook.