Business
Results for the year ended 31 December 2025
KEFI Gold and Copper PLC announced its audited financial results for the year ended December 31, 2025, highlighting significant progress in advancing its Tulu Kapi gold project in Ethiopia. The company has secured over $400 million in funding for Tulu Kapi, including $240 million in secured project finance debt, and has commenced the 27-month development schedule with production targeted for mid-2028. The project has maiden Ore Reserves of 1.05 million ounces and Mineral Resources of 1.7 million ounces, with projected NPV ranging from $1.1 billion to $2.4 billion depending on gold prices. KEFI also continues to advance its exploration portfolio in Saudi Arabia through its joint venture, GMCO. The company reported a net loss of £9.7 million for the year, with cash and cash equivalents standing at £8.8 million. Disclaimer*
About this update from Kefi Gold And Copper Plc
[{"type":"text","content":"\n\n8 June 2026\n \nKEFI Gold and Copper plc\n \n(\"KEFI\" or the \"Company\")\n \nResults for the year ended 31 December 2025\n \nKEFI (AIM: KEFI), the gold and copper exploration and development company with projects in Ethiopia and Saudi Arabia, announces its audited financial results for the year ended 31 December 2025.\n \nThe Annual Report and Accounts for the year ended 31 December 2025 (\"Annual Report\") will be shortly available on the Company's website at https://www.kefi-goldandcopper.com. The notice of Annual General Meeting and the Annual Report have been sent to all shareholders in accordance with their elected communication preference (either electronically or by post).\n \nEnquiries\n \n\n\n\n\nKEFI Gold and Copper plc\n\n\n\n\n\n\n\nHarry Anagnostaras-Adams (Executive Chairman)\n\n\n+357 2225 6161\n\n\n\n\nJohn Leach (Finance Director)\n\n\n\n\n\n\n\nSP Angel Corporate Finance LLP (Nominated Adviser)\n\n\n+44 (0) 20 3470 0470\n\n\n\n\nCaroline Rowe / Adam Cowl\n\n\n\n\n\n\n\nStifel Nicolaus Europe Limited (Financial Adviser and Joint Broker)\nAshton Clanfield / Varun Talwar\n\n\n+44 (0) 20 7710 7600\n\n\n\n\nTavira Financial Limited (Joint Broker)\n\n\n+44 (0) 20 7100 5100\n\n\n\n\nOliver Stansfield / Jonathan Evans\n\n\n\n\n\n\n\nIFC Advisory Ltd (Financial PR and IR)\n\n\n+44 (0) 20 3934 6632\n\n\n\n\nTim Metcalfe / Florence Staton\n\n\n\n\n\n\n\nFurther information can be viewed at https://www.kefi-goldandcopper.com\n \nNote: All $ figures in this report are US$\n \nExecutive Chairman's Report\nKEFI turns 20 this year. A young company by comparison with many miners, it has experienced more twists and turns than most and there were times when its very survival was called into question. Today, however, we are in a very different place, and I have never felt prouder of our achievements or more appreciative of the support from shareholders, employees, government and all those who have backed us through thick and thin.\nAs a veteran of the industry, I've worked in mining for more than 40 years, building and investing in businesses across the globe. Early on in my career, I was lucky enough to be in Australia just as gold mining was taking off and the gold price was soaring. It was an extraordinary period - exhilarating, uplifting and hugely rewarding. I had, unti...
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