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Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining and Exploration
April 26, 2019
Goldplat plc ("Goldplat" or "the company")
Operational update
Goldplat plc, the gold producer listed on the AIM list, with gold recovery activities based in South Africa and Ghana and a gold mine in Kenya, is pleased to 39, announce an operational update for the three months ended March 31, 2019 (the "quarter").
Overall view
- 7,078 ounces of gold and gold equivalents were sold and transferred during the quarter, compared to 6,751 ounces in the third quarter ofrd Quarter of 2018.
- Production in South Africa during the quarter was in line with expectations and the construction of the large West African market continues to grow.
Ounces of gold equivalent | ||||
for the period ending March 31, 2019 |
Goldplat Plc – Group | ||||
3rd quarter | 3rd quarter | 9 months | Year ending | |
Real | Real | Real | Real | |
March 19th | March 18 | March 19th | June 18 | |
Gold equivalent | Gold equivalent | Gold equivalent | Gold equivalent | |
oz | oz | oz | oz | |
Equivalent production of gold | ||||
Goldplat Recovery (Pty) Ltd | 5,012 | 4,533 | 16,297 | 23,567 |
Gold Recovery Ghana Ltd | 1,254 | 1,192 | 3,697 | 6,752 |
Kilimapesa Gold (Pty) Ltd | 569 | 1,241 | 2,627 | 5,112 |
Total | 6,835 | 6,966 | 22,621 | 35,431 |
Gold equivalent Sold | ||||
Goldplat Recovery (Pty) Ltd | 4,266 | 3,852 | 13,236 | 21,059 |
Gold Recovery Ghana Ltd | 1,113 | 339 | 3,042 | 8,010 |
Kilimapesa Gold (Pty) Ltd | 639 | 1,380 | 2,922 | 5,112 |
Total | 6,018 | 5,571 | 19,200 | 34,181 |
Transferred Gold Equivalent | ||||
Goldplat Recovery (Pty) Ltd | 1,060 | 1,180 | 3,471 | 5,219 |
Total | 1,060 | 1,180 | 3,471 | 5,219 |
Gold equivalent sold and transferred | ||||
Goldplat Recovery (Pty) Ltd | 5,326 | 5,032 | 16,707 | 26,278 |
Gold Recovery Ghana Ltd | 1,113 | 339 | 3,042 | 8,010 |
Kilimapesa Gold (Pty) Ltd | 639 | 1,380 | 2,922 | 5,112 |
Total | 7,078 | 6,751 | 22,671 | 39,400 |
Goldplat Recovery (Pty) Ltd ("LPG"), South Africa
- During the quarter, LPG produced 5,012 ounces of gold and gold equivalents, of which 4,266 ounces of gold sold on own account and 1,060 ounces transferred to customers.
- Except for the decrease in by-product production in March 2019, all circuits were completed in accordance with the plan.
- The focus remains on finding equipment, especially for CIL circuits, although GPL has 18 months of hardware available for on-site processing.
- As the current tailings storage facility approaches the end of life, securing the West 3 pit for final disposal is becoming increasingly critical. The Company has other lands available for deposit and will ask for permission to deposit it simultaneously on this site.
Goldplat Recovery Ghana ("GRG"), Ghana
- GRG produced 1,254 ounces of gold and gold equivalents, of which 1,113 ounces of gold were sold on own account during the quarter.
- Production continues to grow compared to the first quarter levels, thanks to the renewal of two local contracts.
- GRG continues to create a market in the greater West Africa region, with positive progress in terms of negotiations with customers and governments.
Kilimapesa Gold ("KPG")
- KPG produced 569 ounces of gold and gold equivalents, including 639 ounces of gold sold on own account during the quarter.
- Production for the quarter was in line with revised plans to reduce losses while continuing production during discussions to secure funding.
- Discussions about a potential transaction are ongoing. Disappointingly, the eventual transaction mentioned in the previous quarterly update has been halted, but other possibilities are still being aggressively pursued.
Werner Klingenberg, CEO of Goldplat plc, said: "We are very pleased with the continued profitable production in South Africa during the quarter and the progress made in building the large West African market. Management's ongoing priority will be to maintain the established momentum of the recovery operation and improve the reliability of the procurement equipment. "
"While the ongoing discussions to find Kilimapesa as an external financial partner, discussed in the last quarter, have been closed, management is already in discussion with other parties and we hope to update the market as we move forward. l & # 39; evolution.
** ENDS **
For more information, visit www.goldplat.com, follow on Twitter @GoldPlatPlc or contact:
Werner Klingenberg | Goldplat plc (Acting CEO) |
Tel: +27 (82) 051 1071 |
Colin Aaronson / Richard Tonthat / Ben Roberts | Grant Thornton UK LLP (Designated Advisor) |
Tel: +44 (0) 20 7383 5100 |
James Joyce / Jessica Cave | WH Ireland Limited (Broker) |
Tel: +44 (0) 207 220 1666 |
Priit Piip | St Brides Partners Ltd (Financial PR) |
Tel: +44 (0) 20 7236 1177 |
The information contained in this announcement is considered inside information within the meaning of Market Abuse Regulation (EU) No 596/2014. At the time of this announcement, this privileged information is now considered to be in the public domain.
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