Caracal Gold Recoveries at Kilimapesa Rose Above 2,000 Oz in 4Q – MarketWatch
By Jaime Llinares Taboada
Caracal Gold PLC said Wednesday that it recovered 2,088 ounces of gold in the fourth quarter at its Kilimapesa mine in Kenya, 86% more than in the third quarter.
The company said ore production increased 34% in the fourth quarter as the mine expansion program continued to be implemented.
“Operationally, at Kilimapesa we have reported record [run-of-mine] production and plant throughputs, and demonstrated that the operation has the ability to achieve targeted gold production rates of 1,000 ounces per month,” Chief Executive Robbie McCrae said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
