Capricorn Metals

Shareholders have welcomed Capricorn Metals' announcement it is seeking to raise up to $18.3 million via a share placement and top-up issue, and that Mark Clark and Mark Okeby, both formerly of Regis Resources, have joined the board.

Capricorn Metals is set to raise $65 million via a share placement it says will underpin the development of its $132 million Karlawinda gold project.

Millennium Minerals has appointed Warren Hallam as managing director, marking Mr Hallam’s return as the leader of a junior miner since his short-lived stint at Capricorn Metals ended abruptly in March.

Mark Clark-chaired Capricorn Metals has announced four new board and management appointments, including a new chief executive, all formerly employed at Regis Resources, which Mr Clark led for nine years.

The state’s gold miners are positioning themselves to take advantage of the commodity’s surging value.

Pacific Energy has announced it will partner with Capricorn Metals to develop a gas-fuelled power station for its Karlawinda gold project in the Pilbara region.

Mining contractor MACA is on track to secure $410 million in revenue after receiving a letter of intent from Capricorn Metals for work in the Pilbara.

After a rocky start to the year, confidence in WA’s gold sector is driving economic activity, with investment and exploration up.

The high gold price and strength of the market has made it easier for junior goldminers to raise capital and launch IPOs.

Favourable market conditions have led to a suite of new gold producers and projects.

New gold producer Capricorn Metals has acquired the historical Mt Gibson mine in Western Australia, in a move that doubles the company’s reserves.

Peel Mining is seeking to raise $23 million to advance its South Cobar copper project in NSW while making a number of board and management changes.

Lynas Rare Earths, Liontown Resources, Capricorn Metals and Tim Goyder have taken home awards from this year’s Diggers & Dealers Mining Forum.

New leadership is in store for ASX-listed NiCo Resources after announcing the resignations of founding non-executive chairman Warren Hallam and chief executive Rod Corps.

The pipeline of big resources projects in WA increasingly features complex processing plants, despite a spate of large cost blowouts on projects currently under way.

Two Capricorn Metals directors have sold parts of their shareholding, including chairman Mark Clark who received a $23 million payout.

Capricorn Metals has announced the installation of 400 new accommodation units at its Mt Gibson gold project will likely begin next month.

Capricorn Metals recorded a slightly higher net profit after tax during the first half of the 2024 financial year, as it remains on course to meet annual production guidance targets.

March 2024 quarterly production at Capricorn Metals' Karlawinda gold project has been affected by heavy rain.

Shares in Capricorn Metals and West African Resources dipped slightly on Friday, after both companies provided preliminary production updates for the March 2024 quarter.

Ashok Parekh-chaired Horizon Minerals has announced the departure of Jon Price from its board.

Capricorn Metals has been able to brush off wet weather throughout its June quarter to record a series of strong results for the 2024 financial year.

The number of women running ASX300 companies has stagnated in the past year with a survey also showing multiple WA companies have no women in their executive leadership group.

Goldmining executive Simon Lee will retire in November, after calling time on a prolific multi-decade career of success which has fingerprints across the sector in Australia and abroad.

The state’s workplace safety regulator has initiated legal action against mining companies over work fatalities, under new laws which increased the maximum penalty to $3.5 million.

A day after announcing its board had approved expansion for its flagship Karlawinda gold project, West Perth-based Capricorn Metals has launched a $200 million capital raise.

West Perth contractor CPC Engineering has secured two new contracts in the red-hot gold sector, bringing in $24 million worth of new work with AngloGold Ashanti and Capricorn Metals.

Capricorn Metals will expand its Karlawinda gold project footprint, in a deal worth up to $3 million to aid its push to grow production from the Pilbara goldmine.

Capricorn Metals is poised to reach the mid-point of its 2025 financial year production guidance, following a strong December 2024 quarter.

Gold producer Capricorn Metals has announced plans to expand its foothold in the Pilbara.

Our weekly appointments wrap includes Jo Wisdom, Rebecca Girdwood, Kerryl Bradshaw, Paul Criddle, Terence 'Terry' Palmer, Greg Hoskins and Kudzai Mtsambiwa.

Capricorn Metals is poised to increase its foothold in the Murchison region; after announcing it had filed documents to acquire the Mummaloo gold project.

Cost increases have played a role in a reduced half-year net profit for goldminer Capricorn Metals.