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Caracal Gold PLC ( (GB:GCAT) ) has shared an update.
Caracal Gold PLC has appointed Jason Brewer as an executive director to strengthen its board as it progresses discussions with key stakeholders in Kenya. This move is part of the company’s broader plans to recapitalize its balance sheet, restart operations at the Kilimapesa Gold Mine, and resume trading on the London Stock Exchange. The appointment follows the resignation of CEO Robbie McCrae, who will assist in the transition. The company is focusing on restructuring and operational plans to enhance its market position and stakeholder relations.
More about Caracal Gold PLC
Caracal Gold PLC is an East African-focused gold company with a strategy to grow its production and resources both organically and through strategic acquisitions. The company aims to rapidly increase gold 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 is exploring the Nyakafuru Project in Tanzania, focusing on responsible mining and contributing positively to local communities.
Technical Sentiment Signal: Buy
Current Market Cap: £5.41M
For detailed information about GCAT stock, go to TipRanks’ Stock Analysis page.