KEFI Gold & Copper PLC- gold explorer in Ethiopia and Saudi Arabia - Assembles full consortium for USD221 million funding package for Tulu Kapi gold project in Ethiopia, comprising government partners, African banks, African specialist investors and contractors.
As a result, KEFI's ownership in the project is expected to rise to 65% to 45%, while first production remains on-track for the fourth quarter of 2022, aiming to lift average gold production to 190,000 ounce per annum from 140,000 ounces.
Current stock price: 2.28 pence
Year-to-date change: up 90%
By Dayo Laniyan; firstname.lastname@example.org
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