INTERVIEW: Goldplat Strong portfolio of assets and a clear development pipeline

Goldplat Plc (LON:GDP) gold producer, with international gold recovery operations located in South Africa and Ghana and a gold mine in Kenya announced its preliminary results for the year ended 30 June 2018. Joining directors talk to discuss the results is CEO, Gerard Kisbey-Green.

Gerard talks us through the headline numbers, the operational updates in South Africa, Ghana and Kilmapesa. Gerard also discusses the 2 year plan to build primary mining production so that it matches the recovery operations and how they are planning on achieving this.

Goldplat plc is an AIM quoted gold producer with two market leading recovery operations in South Africa and Ghana and an operational gold mine in Kenya. The Company produced 42,857 ounces of gold during FY 2017, with 40,285 gold equivalent ounces sold and transferred, resulting in an operating profit from continuing operations of £2.9m for the year. This result does not benefit from the increased processing capacity that was achieved at the Kilimapesa Gold Mine towards the end of FY 2017, with operational profitability achieved during last two months of FY 2017. Accordingly, the Company believes it is well placed to build upon production and profitability during FY 2018.

The Company’s strategy is focussed on utilising cash flow generated from its flagship gold recovery and mining operations to self-fund the sustainable growth and expansion of its niche gold recovery business model internationally. The Company is also committed to increasing its primary mining production output through acquisition / gaining interests in producing or near-production assets, preferably in Africa. Goldplat retains exposure to a small exploration project in Ghana, in which Ashanti Gold Corp. is earning an interest via an earn-in option agreement.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Facebook
Twitter
LinkedIn
Goldplat plc

More articles like this

Goldplat plc

Gold price rebounds – biggest rally since June 2016

The gold price surged on Tuesday after the latest action by the US Federal Reserve to shore up financial markets and the announcement of a massive stimulus program by the Trump administration convinced investors that the

Goldplat plc

Gold rises on recession fears

Some profit booking can be on cards from higher levels are indicated on the charts, for the day 42,200-42,600 will act as resistance whereas 42,000-41,750 as supports. Indian Gold April futures rose on March 2 tracking

Goldplat plc

Yellow metal hits record high

Gold futures for April delivery hit a fresh record high of above Rs 43,000 per 10 gm on February 24, tracking gains in international spot prices and a weaker rupee. The Indian rupee opened 24 paise

Goldplat plc

Goldplat returns to operating profitability

Goldplat plc (LON:GDP), the AIM listed gold producer, with international gold recovery operations located in South Africa and Ghana and a gold mine in Kenya, has today announced its unaudited interim results for the six months

Goldplat plc

Gold climbs to two-week high

Gold prices rose to their highest in more than two weeks on Monday as equities slipped on growing concerns that a China virus outbreak could impact that nation’s economy, prompting investors to drop riskier assets and

Goldplat plc

Goldplat Returning the business back to profitability

Goldplat (LON:GDP), the AIM listed gold producer, with international gold recovery operations located in South Africa and Ghana and an underground mining operation in Kenya, has today announced an operational update for the six months ended 31 December 2019. The following events have contributed to the improved performance during the six months – ·    South African

Goldplat plc

Gold prices today rise for fifth day in a row

Gold prices in India edged higher today, extending gains to the fifth day. On MCX, gold futures prices rose 0.45% to ₹40,128 per 10 gram. Tracking gold, silver also edged higher. Silver futures on MCX rose 0.53%

Goldplat plc

Gold regains some positive traction

Gold edged higher on the last trading day of the week and is currently placed near the top end of its three-day-old trading range, around the $1555-56 region. The precious metal regained some positive traction on

Goldplat plc

Gold could hit $3,000 by 2025

Gold prices pulled back on Wednesday after climbing above $1,600 for the first time in seven years as tensions between Iran and the United States simmered. Still, the commodity has been one of the best performing

Goldplat plc

Gold climbs to near 2-week high

Gold edged higher on the first trading day of the week and climbed to near two-week tops, around the $1485 region during the early European session. The precious metal managed to gain some strong positive traction

Goldplat plc

Gold headed to $1,700 by March, analysts say

Get ready for a fast and sizable pop in gold prices. The cost of buying one troy ounce of the metal will likely rise by around 15% over the next couple of months, analysts say. The

Goldplat plc

Gold prices up as global equity markets pause

Gold and silver prices are trading modestly higher in early U.S. trading Monday. The safe-haven metals are seeing just a bit of buying interest as the world stock markets have seen buying interest limited early this week by a

Goldplat plc

Goldman Sachs sees gold at $1,600 in 2020

Goldman Sachs is maintaining its bullish outlook on gold, looking for prices to push to $1,600 an ounce next year, but its big trade for 2020 is oil. In a report published Sunday, the investment bank

Goldplat plc

Gold rises on uncertainty over Sino-US trade deal

Gold prices rose on Thursday as a fresh spar between the United States and China over U.S. bills on Hong Kong ignited worries that trade talks could hit a snag and delay an interim deal. Spot