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Kefi Gold and Copper shares fell 7.2% on news of a quarterly loss and delayed project start, despite progress on financing.
Kefi Gold and Copper (LON:KEFI) shares dropped 7.2% amid a surge in trading volume, following a quarterly loss and ongoing financial challenges.
The company confirmed a $30 million equity-ranking gold stream funding term sheet for its Tulu Kapi Gold Project in Ethiopia, part of a larger $340 million financing package.
Debt documentation for $240 million is ready, with lender approvals secured, and the company expects to finalize remaining equity funding this month.
Full project development is targeted to begin in October 2025, pending final finance approval in September.
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Las acciones de Kefi Gold and Copper cayeron un 7,2% debido a las noticias de una pérdida trimestral y al retraso en el inicio del proyecto, a pesar de los avances en la financiación.