Much-vaunted gold miner Capricorn Metals has reported rising costs from its Karlawinda operation in Western Australia, though it expects the key metric to get back in line over the course of the next three quarters. All-in sustaining costs of A$1647 per ounce in the first quarter of fiscal 2025 were up about 6.5% on the previous quarter. Notably, the AISC in the first quarter was nearly 14% above guidance for the full year of $1370-1470/oz.
As reported by the company earlier this month, production in the September quarter was 25,559oz, and cash/gold on hand was $144.6 million . Shares in Capricorn were down 1% in early trade to $6.33/share, broadly in line with overall ASX gold sector. Capricorn shares posted a good gain Friday as the company reported exploration results from the September quarter. The stock is up more than 40% this year. At $6.33, the miner is capitalised at more than $2.3 billion.