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Goldplat Plc CEO Gerard Kisbey-Green second quarter of profitability

Goldplat Plc (LON:GDP) CEO Gerard Kisbey-Green caught up with DirectorsTalk to discuss a second quarter of profitability, the focus on Kilimapesa, potential new appointments and the impact of a better gold price.

Gerard Kisbey-Green, CEO of Goldplat plc commented: “This has been another good quarter for Goldplat. I am pleased to report continued profitability at the recovery operations and decreased losses at Kilimapesa. Good progress was made on major projects, including the Kilimapesa plant project and the GPL tailings storage facility. Finally I would like to congratulate all stakeholders for the successful completion of annual wage negotiations at all subsidiaries.  Whereas the financial results reflect the performances of the operating subsidiaries only, it is pleasing to report that, including all holding company and non-operating subsidiary costs, the Group remained profitable during the quarter.”

Goldplat plc, is an AIM-listed gold recovery services company with two market leading operations in South Africa and Ghana. The Company’s strategy is focussed on utilising its cash flow generated from flagship gold recovery operations in Africa to self-fund sustainable growth and expansion of niche gold recovery business model. 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.

Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.