Proactive Investors - Run By Investors For Investors

Latest quarterly results show Goldplat’s production rate is now back at normal levels

Goldpat recovers part of its gold and gold-equivalent material from old mining equipment
Latest quarterly results show Goldplat’s production rate is now back at normal levels
Gold sales rose significantly

Goldplat plc (LON:GDP) boosted production of gold equivalent ounces in the three months to December 2018 by 57% to 9,648 ounces.

There was also a 16% year-on-year increase in gold equivalent ounces sold and transferred during the quarter.

WATCH: Goldplat Plc 'back to normal recovery rates' after challenging few quarters

Production levels at Goldplat Recovery have now returned to normal levels, with both the by-product sections as well as the carbon-in-leach circuits exceeding planned production.

Production at Gold Recovery Ghana improved on the previous quarter as a number of local Ghanaian contracts were processed. There was also increased sourcing from South America.

During the quarter a major West African client with substantial material available from a number of operations agreed to send a trial batch of material to Gold Recovery Ghana and this is expected to be processed during the current quarter, as soon as export logistics and legalities have been finalised.

Sourcing sufficient quantities of material for processing in Ghana remains erratic and an area of strategic priority.

At the Kilimapesa in Kenya, production was further reduced, according to plan. This mine was due to be put on a care and maintenance regime if a source of outside funding could not be found. However, progress in respect of a possible transaction has enabled Goldplat to take the decision not to proceed to care and maintenance to date.

View full GDP profile View Profile

Goldplat plc Timeline

Related Articles

1541073181_shutterstock_249210421-(1).jpg
November 01 2018
The growth profile for Endeavour Mining has never looked better
zeolite mine
September 14 2018
Zeolite may not be the most well-known mineral but it has wide applications, such as use in animal feed, as a pozzolan in cement and as an additive to soil, which could be used for cannabis plants
1542614662_Galantas-fourth-try.jpg
November 19 2018
The plan is to move towards a production rate of 30,000 ounces of gold a year

© Proactive Investors 2019

Proactive Investors 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.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use