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Caracal Gold PLC ( (GB:GCAT) ) has provided an announcement.
Caracal Gold PLC has announced significant enhancements to its Board of Directors with the appointment of Ms. Noreen Kidunduhu as Independent Non-Executive Chair and four other Independent Non-Executive Directors. These appointments are part of Caracal’s strategy to address obligations in Kenya, resume operations at the Kilimapesa Gold Mine, and recapitalize its balance sheet ahead of relisting on the London Stock Exchange. The new board members bring extensive experience in legal, financial, and strategic policy, which is expected to strengthen the company’s governance and operational oversight, particularly in the East African gold mining sector.
More about Caracal Gold PLC
Caracal Gold PLC is an East African-focused gold company with a strategy to grow production and resources both organically and through strategic acquisitions. The company aims to recommence and increase production at the Kilimapesa Gold Mine in Kenya and is also exploring opportunities at the Nyakafuru Project in Tanzania. Caracal is committed to responsible mining practices and contributes positively to the communities in which it operates.
YTD Price Performance: -1.79%
Technical Sentiment Signal: Buy
Current Market Cap: £5.41M
For an in-depth examination of GCAT stock, go to TipRanks’ Stock Analysis page.