Proactive Investors - Run By Investors For Investors

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


Why Invest In Goldplat plc? Read More Here

Register here to be notified of future GDP Company articles
View full GDP profile

Goldplat plc Timeline

Big Picture
February 20 2017
October 27 2016

Related Articles

November 28 2016
Vital has so far only touched upon a small percentage of its opportunities.
picture of gold and dollars
March 14 2017
The advancement of over 100,000 ounces from the lower-confidence inferred category to indicated classification was significant.
gold bars and dollar bills
February 20 2017
According to VSA, another potential boost will come from the turnaround at the Kilimapesa gold mine in Kenya.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.