Caracal Gold PLC (GB:GCAT) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Caracal Gold PLC, an East African gold producer, announced the resumption of production at its Kilimapesa site, overcoming challenges such as equipment failure and heavy rainfall. Despite these setbacks, the company raised £780,000 through new share subscriptions and continues to seek additional funding for ongoing operations and expansion projects. Caracal’s focus remains on increasing production and resources, with a goal to boost annual gold production and expand its JORC compliant resource base.
For further insights into GB:GCAT stock, check out TipRanks’ Stock Analysis page.