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IN BRIEF: KEFI Minerals Sees 2019 Loss Widen On Higher Costs

Tue, 30th Jun 2020 17:17

KEFI Minerals PLC - London-based gold exploration & development company - Says pretax loss for 2019 was GBP5.6 million, widened from GBP5 million in 2018. No revenue was recorded. Adds that it will continue to advance its Tulu Kapi gold project in Ethiopia towards plans to commence gold production in 2022. It expects to generate average earnings before interest, taxes, depreciation and amortisation of between USD78 million to USD129 million each year.

Current stock price: 0.87 pence

Year-to-date change: down 28%

By Ife Taiwo; ifetaiwo@alliancenews.com

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