9th Nov 2022 16:53
Caracal Gold PLC - East Africa-focused gold producer - In the 18 months ended June 30, posts a pretax loss of GBP15.5 million, widened from a loss of GBP1.7 million in the 12 months ended December 31, 2020. Comes as administrative expenses soar to GBP7.2 million from GBP10,000. Revenue jumps to GBP6.9 million in the 18 months from GBP1.4 million in the same comparison period as production increases "substantially". At June 30, assets total GBP9.7 million, up from GBP5.2 million at the end of 2020. Carcal says the 2022/2023 financial year is set to be "exciting" for the firm thanks to its ongoing exploration programmes in Kenya and Tanzania. Read More