Gold exploration company Capricorn Metals (CMM) is down -0.2% so far in 2023, a very disappointing performance compared to other gold stocks, i.e. until further notice, it's not under consideration by MM.
CMM is a $1bn Australia-based gold exploration company that operates within two distinct project areas in Western Australia: The Karlawinda Gold Project and The Mt Gibson Gold Project. The stock is only covered by 4 major brokers and they all say hold yet it’s outperformed most of its more discussed peers e.g. CMM is down -16.8% in 2022 compared to Newcrest (NCM) which has tumbled over -30%. The recent presentation by...
Capricorn Metals Limited is an Australia-based gold exploration company. The Company operates within two distinct project areas within Western Australia: The Karlawinda Gold Project and The Mt Gibson Gold Project. The Karlawinda Gold Project is located in the Pilbara region of Western Australia, 65-kilometer south-east of the town of Newman. Karlawinda is an advanced gold project which includes the Bibra deposit and exploration targets including the Francopan prospect. The Mt Gibson Gold Project is a development project located in the Mid-West region of Western Australia, 280 kilometers northeast of Perth. The Company has a prospective tenement package at both Karlawinda and Mt Gibson and is actively exploring the region. The Company owns 2,052 square kilometers tenement package at Karlawinda which includes the greenstone belt hosting the 2.1 million ounce resource and 1.2 million ounce Reserve Bibra gold deposit and other greenstone area.
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