KEFI Gold and Copper plc (LON:KEFI), the AIM-listed gold and copper exploration and development company, has now launched its long-awaited Tulu Kapi Gold Project in Ethiopia.
With production predicted to start in mid-2026, Executive Chairman Harry Anagnostaras-Adams explains to investors why it’s taken 15 years, from the original discovery in Ethiopia to production in 2026. However, Harry goes on to explain why now, in 2024, the timing is right to launch the project as International, national geopolitics and the prevailing Gold Price have all aligned.
Furthermore, Harry explains how Tulu Kapi has the potential to deliver up to about 200,000 ounces of Gold and Silver a year and given today's gold and silver prices, that could equate to £100m net profit per year for KEFI if it was in production today. The company also has two projects advancing towards development in Saudi Arabia, which Harry describes another country proactively launching its own mining sector with KEFI at the core.
In this focusIR interview, investors will also learn about:
- How Tulu Kapi has the potential to mine (open and deep cast) up to 200,000 oz per year
- How that could equate to £100m net profit per year
- The status of other projects within KEFI’s portfolio
- Management’s view on normal and special dividends
- The $1 billion commitment to Tulu Kapi
Harry concludes; “The alignment of those extraneous factors where we are is serendipitous. It's wonderful and the timing couldn't be better for us to have the opportunity to deliver against that. And that's a wonderful opportunity.”
Kefi Gold & Copper (KEFI)