Goldplat, the AIM quoted African gold producer, has issued a positive operations update for the three months ended 30 June for its two market leading gold recovery businesses in South Africa and Ghana, and its Kilimapesa Gold Project in Kenya, reporting a total gold and gold equivalent production of 11,969 ounces, continued profitability and steady progress on priority capital projects.
During the Quarter, the Rand Refinery silver toll recovery project was completed and although the contract is currently under dispute, the Directors are confident that the dispute will be resolved.
Preliminary results from the project show a total of approximately 3,700kg of silver (1,593 gold equivalent ounces) and 42kg (1,350 ounces) of gold were produced for the Rand Refinery.
Including this production, total gold produced during the Quarter was 11,969 ounces, total gold and gold equivalents sold was 6,584 ounces and gold and gold equivalents transferred to clients was 9,131 ounces, amounting to total gold and gold equivalents sold and transferred of 15,715 ounces. The difference between the gold production and gold sales and transfers reflects the reduction of stock.
This was an excellent Quarter for Goldplat, as with the elutions for the silver project reaching completion during the Quarter, the elution circuit was once again available for producing own and client gold.
At 9:53am: (LON:GDP) Goldplat PLC share price was -0.13p at 5.88p