PRECIOUS METALS

Caracal raises cash to double Kilimapesa output

East Africa-focused Caracal Gold has raised £2.0 million (US$2.7 million) in a share issue, to accelerate development at its Kilimapesa operations in Kenya.

Caracal raises cash to double Kilimapesa output

Caracal recently announced plans to boost mine production at Kilimapesa by 100%, to 2,000 ounces a month in 2022. The company will expand open pit, underground mining and development activity, and invest...

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