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Goldplat plc

Goldplat plc Appoints WH Ireland Limited as sole broker

Goldplat plc (LON:GDP), the AIM listed gold producer with international recovery operations located in South Africa and Ghana and a mine in Kenya, has today to announced the appointment of WH Ireland Limited as sole broker with immediate effect.

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. GDP retains exposure to a small exploration project in Ghana, in which Ashanti Gold Corp. is earning an interest via an earn-in option agreement.

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