Chief Executive of Caracal Gold (LON:GCAT) Robbie McCrae, Updates on Expansion at Kilimapesa Mine

The company updated the market on the Board’s decision to now accelerate the implementation of the final phase of its’ initial three-phase operational plan to further increase gold production and improve efficiencies at its flagship Kilimapesa Gold Mining and Processing Operations in Kenya.

The decision to accelerate the third phase development activities at the Kilimapesa Gold Mining and Processing Operations and increase production to approx. 24,000oz p.a. follows the successful completion of the first two phases of operational improvements and developments since listing in August 2021, and the Board’s decision to implement further operational improvements to the mining, processing and administrative aspects of its gold producing operations.

Chief executive of Caracal Gold Plc, Robbie McCrae, said :

“We are both encouraged and excited to move very quickly to the next phase of development and operational activities at our flagship project, which once completed, will see gold production achieve the targeted levels of approx 24,000oz pa.

“The decision to move to this next phase of development has been made significantly ahead of schedule and within the first 6-months of our stock exchange listing in London.

https://www.share-talk.com/chief-executive-of-caracal-gold-longcat-robbie-mccrae-updates-on-expansion-at-kilimapesa-mine/