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KEFI Minerals ( (GB:KEFI) ) just unveiled an update.
KEFI Gold and Copper plc announced its audited financial results for the year ended 31 December 2024, highlighting its strategic focus on the Tulu Kapi project in Ethiopia and the GMCO joint venture in Saudi Arabia. The company is nearing the completion of a $320 million project finance package for Tulu Kapi, which is expected to reach full gold production by late 2027. In Saudi Arabia, KEFI’s GMCO joint venture is advancing the development of the Jibal Qutman and Hawiah projects, with substantial exploration potential and positive regulatory support. KEFI is prioritizing its Ethiopian projects for equity capital investment, aiming to capitalize on Ethiopia’s growing mining sector.
More about KEFI Minerals
KEFI Gold and Copper plc is a gold and copper exploration and development company focused on the Arabian-Nubian Shield. The company is primarily engaged in developing the Tulu Kapi gold project in Ethiopia and exploring mineral resources in Saudi Arabia through its GMCO joint venture.
Average Trading Volume: 60,352,384
Technical Sentiment Signal: Hold
Current Market Cap: £52.8M
See more insights into KEFI stock on TipRanks’ Stock Analysis page.