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KEFI Gold and Copper Chairman Projects $90 Million Net Cash Flow as Gold Hits $2,400

KEFI Gold and Copper PLC to trigger production at Tulu Kapi gold project in Ethiopia as gold reaches record highs of around $2,400 per ounce, projecting a net cash flow of $90 million. Impact expected in Ethiopia and Saudi Arabia, with positive industry trends and project progress.

The news is important for investors and stakeholders in the gold and mining industry, as it signals significant potential for enhanced cash flow and project economics for KEFI Gold and Copper PLC. The record high gold prices and the company's projections have the potential to impact the global gold market and the economies of Ethiopia and Saudi Arabia, where the company operates. Additionally, the positive industry trends and project progress highlighted in the news may have implications for acquisitions and asset trading among African gold developers.