Goldplat Plc (LON:GDP) are the topic of discussion when Oliver O’Donnell, mining analyst at VSA Capital caught up with DirectorsTalk to discuss company interims. Oliver discusses 2016 issues, how currency moves affected the results, the importance of Kilimapesa development and an upgraded outlook for full year production.
We also caught up with CEO Gerard Kisbey-Green to chat about the latest interims. Gerard talks us through the highlights, updates us on the key issues in South Africa, the Rand Refinery dispute and securing the nearby disused open-pit for final tailings deposition at Goldplat Recovery, the renewal of its gold license in Ghana and the Kilimapesa project, Ghanaian elution plant costs and funding it all.
Goldplat plc is an AIM quoted gold recovery services company with two market leading operations in South Africa and Ghana. The Company’s strategy is focussed on utilising cash flow generated from its flagship gold recovery operations to self-fund the sustainable growth and expansion of its niche gold recovery business model. At the Company’s gold recovery operations Goldplat is targeting greater market exposure through the sourcing of new material, both from the wider African continent and internationally, for processing at its established recovery operations. 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.