Caracal Gold plc
GCAT.L
London Stock Exchange0.28
GBp
+0.01
- -
Caracal Gold plc
GCAT.L
(London Stock Exchange)
Recent
price
0.28
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Caracal Gold plc (GCAT.L) is an East Africa-focused gold exploration, development and production company listed on the London Stock Exchange and Frankfurt Stock Exchange, headquartered in Nairobi, Kenya, with principal operations in Kenya and Tanzania. The company holds a 100% interest in the Kilimapesa Gold Mine located in Narok County, Kenya, where it conducts underground gold mining and pursues an expansion project to increase annual production to over 24,000 ounces alongside exploration targeting more than 2 million ounces in JORC-compliant resources from the Kilimapesa Hill deposit and regional targets; it also maintains a 100% interest in the Nyakafuru Gold Project in Tanzania's Lake Victoria Gold Fields through its ownership of Tyacks Gold Ltd, comprising 11 exploration licenses over 280 square kilometers with proven high-grade shallow resources of approximately 659,000 ounces indicated at 2.08 grams per tonne suitable for large-scale open-pit development with potential annual output of 50,000 ounces. Caracal Gold plc targets overall growth to exceed 50,000 ounces per annum in gold production and 3 million ounces in JORC-compliant resources across its portfolio, serving institutional and retail investors through its equity listing while emphasizing responsible mining practices, local procurement, employment and community benefits in its operating regions. In recent developments, the company secured US$1 million in interim funding through a convertible loan note facility in July 2025 from German-based financiers and Gathoni Muchai Investments to support creditor payments in Kenya and completion of its UK prospectus, with over 50% drawn by September 2025; it announced plans in August 2025 to change its name to Imara Gold plc with ticker IGLD, registered on October 8, 2025 and effective immediately across operations including subsidiaries, while retaining its ISIN and SEDOL identifiers; and it continues efforts to finalize Kilimapesa expansion financing amid ongoing exploration and strategic reviews of its Tanzania assets.