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The latest update is out from Caracal Gold PLC ( (GB:GCAT) ).
Caracal Gold PLC has secured a $1 million convertible loan facility to support its operations and commitments in Kenya, including payments to stakeholders at the Kilimapesa Gold Mine and costs related to its re-listing on the London Stock Exchange. This funding, involving Gathoni Muchai Investments and German financiers, marks a significant step in Caracal’s strategy to enhance its gold production and resource base, while reinforcing its commitment to community and stakeholder engagement in East Africa.
More about Caracal Gold PLC
Caracal Gold PLC is an East African-focused gold company dedicated to expanding its production and resources through organic growth and strategic acquisitions. The company operates the Kilimapesa Gold Mine in Kenya, aiming to increase production to over 50,000 ounces per annum and build a JORC compliant resource base of over 3 million ounces. Caracal is also involved in exploration at the Nyakafuru Project in Tanzania, with a focus on developing a large-scale open pit operation.
Technical Sentiment Signal: Sell
Current Market Cap: £5.41M
See more data about GCAT stock on TipRanks’ Stock Analysis page.