Capricorn Metals (ASX:CMM) reported gold production of 30,476 ounces from its Karlawinda project in Western Australia at an all-in sustaining cost (AISC) of AU$1,627 per ounce in the fiscal second quarter ended Dec. 31, 2025, according to a Thursday filing with the Australian bourse.

The company produced 28,702 ounces of gold at an AISC of AU$1,490 per ounce in the same period a year earlier.

Year-to-date gold production was 62,974 ounces at an AISC of AU$1,626 per ounce.

The project is expected to achieve the upper end of fiscal 2026 guidance of 115,000 to 125,000 ounces at an AISC of AU$1,530 to AU$1,630 per ounce, the company said.

Shares were marginally higher in morning trade Thursday and earlier reached an all-time high.