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LSE:GCATFRA:6IK
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Caracal Gold reveal 'very exciting month' after recent agreement to connect plant to grid power

Caracal Gold PLC (LSE:GCAT, FRA:6IK) (LSE:GCAT) Robbie McCrae, chief executive of Caracal joins Proactive London to discuss the update at their Kilimapesa mine after a recent agreement to connect the plant to the grid power. 

The deal saw Mayflower Gold Investments reverse into listed Papillon, bringing the ownership of Kenya's Kilimapesa gold mining and processing operations back to the public markets, having formerly been owned by Goldplat PLC (AIM:GDP).

McCrae says excellent progress is being made at Kilimapesa, where the company is looking to increase gold production to 25,000oz per year.

Quick facts: Caracal Gold PLC

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Price: 1.425 GBX

Market Cap: £20.64 m

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Newly listed Caracal Gold to rapidly increase production at Kilimapesa

The Caracal is a wild cat native to Africa where it is known as the golden cat, and the management of newly listed Caracal Gold (LON:GCAT) is hoping the company name will be auspicious and indeed golden as per the striking corporate logo. Simultaneous, well-supported listings in both London...

2 weeks, 2 days ago

2 min read