Karlawinda Gold Reserves Jump 32%, Expansion on Track for Q3
ELE sits 21% above its 52-week low of $12.59.
Summary
Capricorn Metals reported a 32% increase in proven and probable reserves at Karlawinda to 1.57 million ounces, extending mine life to roughly 10 years at expanded production of 150,000 ounces annually. Elemental holds an uncapped 2% NSR royalty on the project, which generated $8.9 million in zero-cost revenue in 2025. The plant expansion is in final commissioning and expected to reach full operations in Q3 2026, directly boosting Elemental's royalty stream without additional capital. This follows a series of positive developments including the Vizsla Royalties acquisition and a 5% buyback program, reinforcing the company's growth trajectory. The reserve upgrade materially de-risks and extends the revenue base from a cornerstone asset.
At the time of this announcement, ELE was trading at $15.20 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $972.8M. The 52-week trading range was $12.59 to $26.96. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: TMX Newsfile.