Caracal Gold (GCAT LN) acquired the Kilimapesa mine, in Kenya, earlier this year and immediately restarted production and started commissioning the capacity expansion. Following the £5.5m fundraise on RTO, the company is on track to achieve the target 1kozpm runrate by year end with daily capacity already having been increased from less than 400tpd to over 700tpd. We anticipate operating costs for the group of around US$970/oz and AISC of US$1,170/oz in 2022F which in the current gold price envi ....
22 Nov 2021
Caracal Gold: Mountain of Money
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Caracal Gold: Mountain of Money
Caracal Gold PLC (GCAT:LON) | 0 0 0.0% | Mkt Cap: 5.17m
- Published:
22 Nov 2021 -
Author:
Oliver O’Donnell -
Pages:
37
Caracal Gold (GCAT LN) acquired the Kilimapesa mine, in Kenya, earlier this year and immediately restarted production and started commissioning the capacity expansion. Following the £5.5m fundraise on RTO, the company is on track to achieve the target 1kozpm runrate by year end with daily capacity already having been increased from less than 400tpd to over 700tpd. We anticipate operating costs for the group of around US$970/oz and AISC of US$1,170/oz in 2022F which in the current gold price envi ....