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Caracal Gold PLC ( (GB:GCAT) ) has issued an announcement.
Caracal Gold PLC announced its unaudited interim results for the six months ended 31 December 2024, highlighting a challenging period marked by the cessation of production, leading to a reduction in revenue and operations. Despite increased finance costs and a growing net liability position, the company is focused on lifting its suspension and progressing the Kilimapesa expansion mine plan. The company also underwent significant board changes, including the appointment of a new CEO and several independent non-executive directors, as it navigates financial challenges and aims to restore its listing.
More about Caracal Gold PLC
Caracal Gold PLC is an expanding East African-focused gold producer with a strategy to grow production and resources both organically and through strategic acquisitions. The company aims to increase production to over 50,000 ounces per annum and build a JORC-compliant resource base of over 3 million ounces. Caracal operates the Kilimapesa Gold Mine in Kenya and has entered into an agreement to acquire Tyacks Gold Ltd, which owns the Nyakafuru Project in Tanzania.
Technical Sentiment Signal: Sell
Current Market Cap: £5.41M
For detailed information about GCAT stock, go to TipRanks’ Stock Analysis page.