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KEFI Minerals ( (GB:KEFI) ) has shared an update.
KEFI Gold and Copper plc announced significant progress in its Tulu Kapi Gold Project in Ethiopia, having met key conditions for project launch and advancing financing arrangements. The company is poised to commence gold production by 2027, with an estimated net operating cash flow of $300 million in the first year. In Saudi Arabia, KEFI’s joint venture, Gold and Minerals Limited, has expanded its mineral resources and exploration acreage, with plans to transform into a self-funding explorer. The company is strategically positioned to capitalize on its projects in both countries, aiming to increase its gold production significantly.
More about KEFI Minerals
KEFI Gold and Copper plc is a gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia. The company focuses on developing its Tulu Kapi Gold Project in Ethiopia and advancing its joint venture projects in Saudi Arabia, including the Jibal Qutman Gold project and the Hawiah copper and gold project.
Average Trading Volume: 54,792,753
Technical Sentiment Signal: Strong Sell
Current Market Cap: £50M
See more insights into KEFI stock on TipRanks’ Stock Analysis page.