Capricorn Metals Jumps 6.6% as Gold Moves Higher
Capricorn Metals shares rose 6.56% to A$12.02 Friday on the ASX, with nearly 5 million shares traded. The S&P/ASX 200 gained 1.98% as gold futures rallied, though bullion posted a weekly loss. Capricorn’s Karlawinda project produced 93,152 ounces of gold year-to-date at an AISC of A$1,617 per ounce. The company ended March with A$507.6 million in cash and gold.