# CMM: September 2026 Quarterly Production Update

Canonical Atlas analysis: https://atlas-staging.minestarters.com/news/cmm-september-2026-quarterly-production-update--cb1682dc-e88a-4c51-837c-c3516822432e

Original source: https://www.asx.com.au/asx/v2/statistics/displayAnnouncement.do?display=pdf&idsId=03148203

Publisher: asx

Original announcement: 2026-10-04T21:21:00.000Z

Analysis by Minestarters Atlas

Atlas analysis published: 2026-10-04T22:15:44.494Z

Atlas analysis updated: 2026-10-04T22:15:44.494Z

- Company: Capricorn Metals Limited

- Ticker: CMM

- Exchange: ASX

- Region: Western Australia

- Primary commodity: Gold

- Secondary commodities: None reported

- Document categories: Production, Metallurgy

- Extracted: 2026-10-04 22:15:45 UTC

Narrative sentiment: 0.80 · Bullish

## Minestarters Atlas summary

Capricorn Metals reported a strong September 2026 quarter at the Karlawinda Gold Project, producing 31,218 ounces of gold in line with guidance. The Karlawinda Expansion Project \(KEP\) was successfully completed on schedule, increasing processing capacity to 6.5Mtpa.

Reasoning: Strong quarterly production results and successful completion of a major expansion project \(KEP\) on schedule.

- Positive factor: Gold production in line with mine plan

- Positive factor: Karlawinda Expansion Project \(KEP\) completed on schedule and within budget

- Positive factor: Increased processing capacity to 6.5Mtpa

- Positive factor: Strong cash position of $535.0 million

Facts used in scoring: 3

## Classification and evidence

**Expansion Completed**

Polarity: positive

Story-specific tag

Definition: No canonical definition is currently available.

Why it applies: Karlawinda Expansion Project \(KEP\) was successfully completed on schedule and within budget.

Evidence · text

> construction of the Karlawinda Expansion Project \(KEP\) was successfully completed on schedule and within budget

## Extracted facts

Stored fact records: 1. Some facts used in scoring do not have a stored record.

## Metallurgical Results (1)

### Fact 1

[Link to this fact](https://atlas-staging.minestarters.com/news/cmm-september-2026-quarterly-production-update--cb1682dc-e88a-4c51-837c-c3516822432e#fact-metallurgical-facts-2)

gold

#### Identity

- Commodity: gold
- Region: australia\_wa
- Reported Region: Western Australia
- Ticker: CMM

#### Recovery

- Recovery: 91.7 %

#### Review

- Needs Review: No
- Historical: No

#### Dates

- Event date: 2026-10-04T00:00:00.000Z

Reasoning: Solid gold recovery reported for the quarter.

- Positive factor: Recovery above 90%

Evidence · table

> 91.7

Context: 1,133

## How Atlas produces this analysis

Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.