Source - Alliance News

Goldplat PLC - London-based gold miner and producer with recovery operations in Ghana and South Africa, serving clients in Africa and South America - Wholly owner subsidiary Gold Recovery Ghana Ltd submits proposal to invest further into local beneficiation of by-products in Ghana. Says it plans to invest a further £900,000 to upgrade facilities in Tema. ‘The decision to invest has been driven by high shipping and refining costs and the Ghana authorities’ increased focus on local beneficiation. Through recent engagement with the Ghana authorities, it has become clear that their preference is for us to refine as much material to bullion as possible in country,’ Goldplat says.

Chief Executive Werner Klingenberg comments: ‘We are delighted to be able to increase our capability in Ghana to handle gold by-products from the mining industry in Ghana, elsewhere in Africa and South America. This supports our commitment to build a global hub for processing of these types of material in Ghana.’

Current stock price: 7.12 pence each, closed up 0.9% on Monday in London

12-month change: down 5.1%

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