Goldplat upgrades facilities at two gold recovery sites
The shotblast facility at GRG will generate additional revenue for the business
Company
LON:GDP
Goldplat is a profitable, African gold recovery services company with two market leading operations in South Africa and Ghana. Goldplat’s strategy is focussed on utilising its robust cash flow generated from flagship gold recovery operations in Africa to self-fund sustainable growth and expansion of niche gold recovery business model. The Company also has a small gold mining and exploration portfolio in Kenya, Burkina Faso and Ghana and is evaluating various opportunities to create value or monetise these assets. In addition, Goldplat has an experienced board and management team with a proven track record of creating shareholder value through the development of African resource assets into production.
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The shotblast facility at GRG will generate additional revenue for the business
As well as improving its cash position, it provides capacity for production to rise in future, it said.
Investments and investor services
Independent Oil & Gas, Deltex Medical Group and Avation were also reporting.
The cash will be used to pay two of its suppliers of gold material in Ghana
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The company, which recovers gold from mining by-products, posted operating profits of £571,000 from its recovery businesses.
Shares in Goldplat have enjoyed something of a mini-revival in recent weeks.
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