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Goldplat turnaround on upward momentum - CEO

Gerard Kisbey-Green, chief executive of Goldplat (LON:GDP), says the turnaround for the gold recovery specialist is on a trend which should put the company on the “up and up.”

“It’s been a good turnaround,” says Kisbey Green. “We’re not going to become complacent and there’s a lot of work to go ahead.”

Kisbey-Green tells Proactive that Goldplat is back in profit after resolving the well-documented problems with third-party South African refiner Rand. It has done this, he said, by securing alternative refiners and becoming more self-reliant after buying equipment and infrastructure.  As part of his strategy, management and operations teams were also shaken up so the right people were doing the right job.

December 2015 is Goldplat’s deadline for depleting backlog stock at the South Africa operation and Kisbey-Green predicts elution capacity will increase from 5 tonnes a day to a projected 8 tonnes.

Quick facts: Goldplat PLC

Price: 5.65 GBX

AIM:GDP
Market: AIM
Market Cap: £9.46 m
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