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Results show Goldplat’s expansion continuing

Gold production from the South African and Ghanaian recovery operations remains the cornerstone of Goldplat's business, but expansion is underway
Results show Goldplat’s expansion continuing
Gold production from African recovery operations continues to generate cash

The expansion of Goldplat PLC (LON:GDP) continued during the quarter to 30 September 2016, as the company moved to secure new sources of supply from South America and continued with the development of its operations in Kenya.

Nonetheless, the company remains underpinned by its gold recovery operations in Ghana and South Africa.

These delivered the lion’s share of the company’s total of 9,129 ounces of gold and gold equivalent production during the quarter, of which 5,148 ounces came from the South African operations.

Of this, the company sold 4,280 ounces for its own account and 1,179 ounces on behalf of clients.

The Ghana operations produced 3,088 ounces of gold, of which 1,349 ounces were sold for the company’s own account during the quarter.

“I am very pleased with the progress made on all areas of strategic focus as we continue to improve our operational efficiencies, increasing processing capacity and ultimately build our profitability,” said chief executive Gerard Kisbey-Green

 

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