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Pin to quick picksKefi Gold Share News (KEFI)

Share Price Information for Kefi Gold (KEFI)

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Share Price: 0.71
Bid: 0.712
Ask: 0.736
Change: 0.03 (4.41%)
Spread: 0.024 (3.371%)
Open: 0.70
High: 0.732
Low: 0.67
Prev. Close: 0.68
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IN BRIEF: Kefi says Tuly Kapi project progressing towards launch

Wed, 24th Jan 2024 14:15

Kefi Gold & Copper PLC - Cyprus-based gold exploration company, focused on assets in Ethiopia and Saudi Arabia - Says its Tulu Kapi gold project financing agreements are in "near-final form". This comes after Kefi Gold reported earlier this month that its lead lender had approved a conditional final credit committee. The company said that the USD320 million financial packages will go towards its "shovel-ready" Tulu Kapi project in western Ethiopia. The project has already received approval from "key syndicate members", the company said, and Kefi believes that reported actions by the Ethiopian Government indicate its assent. Adds that its 25% owned Jibal Qutman gold and Hawiah copper-gold development projects are undergoing feasibility studies. Kefi also says it is targeting the launch of the projects.

Current stock price: 0.63 pence, down 1.4%

12-month change: down 19%

By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2024 Alliance News Ltd. All Rights Reserved.

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