Goldplat posts solid production numbers as improvements continue

African gold producer Goldplat posted an operations update for the three months to 30 September on Thursday, with overall production of 9,129 ounces of gold and gold equivalents achieved during the quarter.

The AIM-traded company said that occurred alongside improvements in operating profitability at the recovery operations and the continued reduction in losses made at Kilimapesa.

It said good progress was made on all of the board’s areas of strategic focus, including the sourcing of byproduct material for processing at the recovery operations, the identification of new global geographies from which to import material for processing, and the installation of the new plant at Kilimapesa designed to bring the operation to profitability during FY2017.

“This was a good production and financial quarter in what is typically a difficult period for Goldplat,” said CEO Gerard Kisbey-Green.

“I am very pleased with the progress made on all areas of strategic focus as we continue to improve our operational efficiencies, increase processing capacity and ultimately build our profitability.”

Kisbey-Green said a particularly satisfying highlight was the progress being made in the diversification of sourcing material for processing from South America, as well as the ongoing installation of the new plant at Kilimapesa in Kenya.

“We look forward to continuing to keep shareholders updated with our operational progress.”