15th Aug 2022 14:03
Caracal Gold PLC - London-based gold producer with operations in East Africa - Says 21,743 tons of ore at 1.84 grams per tonne were delivered to the plant from the mine in second quarter of 2022, down from 26,329 tonnes in the first quarter but in line with strategic plan. Says a total of 58,722 tonnes were processed through plants for gold output of 746 ounces during the quarter, compared to 1,266 in the previous quarter.
Chief Executive Officer Robbie McCrae says: "The results of the updated Mineral Resource have shown a significant increase in the quality of the resource at Kilimapesa Hill. We are very excited to find and prioritise the next sources of production to complement the growth on Kilimapesa Hill and the existing mining licence."
Current stock price: 0.87 pence, up 5.3%
12-month change: down 35%
By Xindi Wei; [email protected]
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