Caracal Gold PLC (LSE:GCAT) said it generated revenues of £2.38mln from 1,641 ounces of gold sold in the six months to end December 2022 at an average price of US$1,676/oz.
Losses for the period were £0.93mln with a pre-tax loss of £3.7mln and net debt at the end of the period of £6.4mln.
Work is ongoing to improve output from the Kilimapesa gold mine, Caracal added, with talks underway with financiers to fund an expansion.