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Goldplat CEO: ‘We don’t need high gold price to make money’

Goldplat PLC (LON:GDP) chief executive Gerard Kisbey-Green says the firm can still make money even if gold prices don’t hold their current highs.

The gold price has risen dramatically in 2016 with some predicting that it will go higher yet, although Kisbey-Green reassures investors that Goldplat is well-equipped to make money even if it drops.

“We don’t need it to stay where it is. At the beginning of the year [the price] was a lot lower than it is now, and we were making money,” he says.

“It’d be very nice if it stays where it is because it allows us to finance our projects internally.”

Kisbey Green tells Proactive that he is most excited about the Kilimapesa mine, which he says has “potential”.

The company is also assessing its options when it comes to the future of the mine, with Kisbey-Green refusing to rule out the possibility of bringing a joint venture partner.

“We want to get it profitable and then we’ll where we go from there, whether that’s bringing in a partner, which we’ve spoken about quite a lot.”

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