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Priority is to get Kilimapesa into profitability - Goldplat CEO

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Published on Feb 26, 2016

Gerard Kisbey-Green, chief executive of Goldplat (LON:GDP), says that the focus for the gold recovery business in 2016 is to bring the loss making Kilimapesa gold mine in Kenya back into profitability.
Key to the strategy is using the existing plant from Ghana which will be dismantled and reassembled in Kenya. Once profitability returns phase two of the Kenya turnaround will involve the mine having its own ‘decent-sized’ plant.
Ghana’s tax free zone status allows the company to install more capital equipment there which is also pivotal to Goldplat’s ambitions in South America. Kisbey-Green is looking for maiden deals in the region. “There’s abundant material there and we’ve got a deal with customs and export type issues. On the course of the year we hope to announce a couple of contracts for fine carbon to be shipped into Ghana.”

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