Caracal Gold Overcomes Setbacks, Eyes Expansion

Caracal Gold PLC (GB:GCAT) has released an update.

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.

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