Capricorn Metals Ltd (AU:CMM) has released an update.
Capricorn Metals Ltd has boosted its Mt Gibson Gold Project reserves by 41%, totaling 2.59 million ounces, positioning it as a key second mine for the company. The project is predicted to have a 17-year lifespan, generating substantial revenue and cash flow, with an impressive payback period of just 2.3 years. This expansion solidifies Capricorn’s presence in the mid-tier gold sector, offering a promising growth opportunity for investors.
For further insights into AU:CMM stock, check out TipRanks’ Stock Analysis page.
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