Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from KEFI Minerals ( (GB:KEFI) ) is now available.
KEFI Gold and Copper PLC has announced that the full development of the Tulu Kapi Gold Project in Ethiopia is set to commence by the end of 2025. The project, with a finalized budget of approximately US$340 million, has secured US$240 million in debt funding, and equity commitments exceeding the remaining US$100 million. The company aims to optimize its equity capital structure and finalize documentation for finance closing, while also engaging local and international stakeholders. The project is expected to enhance the Ethiopian minerals sector, with immediate development activities including community housing and infrastructure works.
More about KEFI Minerals
KEFI Gold and Copper PLC is a company engaged in the exploration and development of gold and copper resources, focusing on the Arabian-Nubian Shield. It operates a pipeline of projects in Ethiopia and Saudi Arabia, with a particular emphasis on high-grade and high-recovery projects.
Average Trading Volume: 98,309,667
Technical Sentiment Signal: Buy
Current Market Cap: £146.3M
See more insights into KEFI stock on TipRanks’ Stock Analysis page.