Capricorn Metals (ASX:CMM) said the Karlawinda gold project in Western Australia produced 30,358 ounces of gold during the March quarter, according to a Tuesday filing with the Australian bourse.

The company produced 30,599 ounces during the same period last year, an earlier filing showed.

The year-to-date gold production for the project is 93,152 ounces, putting the company on track to achieve the upper end of fiscal 2026 guidance of 115,000 to 125,000 ounces at an all-in sustaining cost of between AU$1,530 and AU$1,630 per ounce, the filing said.

Shares rose past 2% in morning trade Tuesday.