KEFI Minerals ( (GB:KEFI) ) has issued an update.
KEFI Gold and Copper plc has received board approvals from its co-lending banks for the Tulu Kapi project, marking a significant step forward in its development. The community has shown support for the resettlement plans, and with gold prices at record highs, the project is expected to generate substantial cash flow, surpassing the total project finance debt in the first year, positioning KEFI as a key player in Ethiopia’s mining sector.
More about KEFI Minerals
KEFI Gold and Copper plc is a company focused on the exploration and development of gold and copper resources, primarily in the Arabian-Nubian Shield. The company is particularly concentrated on the Tulu Kapi Gold Project in Ethiopia, which is expected to generate cash flows for capital repayments, further exploration, and dividends to shareholders.
YTD Price Performance: 9.17%
Average Trading Volume: 33,498,069
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £39.66M
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