Capricorn Metals (CMM) Q3 2026 TU earnings summary

Executive summary

• March 2026 quarter gold production was 30,358oz at an AISC of $1,617/oz, with year-to-date output of 93,152oz at $1,623/oz AISC, tracking toward the upper end of FY26 guidance of 115,000–125,000oz at $1,530–$1,630/oz AISC.

• Record quarterly operating cash flow of $143.1m (Q2: $122.4m) and cash/gold on hand of $507.6m at quarter end.

• Karlawinda Expansion Project (KEP) development advanced significantly, on track for Q1 FY27 commissioning.

• Maiden fully franked interim dividend of 5c/share ($22.8m) declared.

Financial highlights

• Gold sales of 29,009oz at an average price of $7,034/oz generated $204.0m revenue.

• Underlying cash build for the quarter was $100.2m before $50.0m capex at KEP ($47.3m) and MGGP ($2.7m).

• Net cash cost for the quarter was $1,249/oz; AISC for the nine months to Q3 was $1,623/oz.

• Cash and cash equivalents at quarter end were $479.9m.

Outlook and guidance

• FY26 gold production expected at the upper end of 115,000–125,000oz guidance.

• Full-year AISC expected at the upper end of $1,530–$1,630/oz range.

• KEP commissioning scheduled for Q1 FY27, with production rate to increase to ~150,000oz/year post-expansion.