Goldplat Plc (LON:GDP) CEO Gerard Kisbey-Green talks to DirectorsTalk about its year-end and 4th quarter operational results. Gerard talks us through the highlights, elaborates on finding a partner for Kilimapesa, explains the problem regarding sourcing of material in Ghana and with production currently down 17% on the previous year shares his thoughts.
Gerard Kisbey-Green, CEO of Goldplat plc, commented: “Whilst the financial results for the year are expected to be in line with market expectations, I do not believe this result is a fair reflection of the Company’s performance during the first nine months and the hard work done by the team on all fronts. We continue to operate a strategic portfolio of producing gold assets and apart from the absence of a large contract from outside South Africa, we are pleased with the result of the GPL operation. During the final quarter of the financial year, the strong performance of this operation was arguably overshadowed by Kilimapesa and GRG, which is naturally disappointing, but work is already well underway to resolve these issues. The Board of Goldplat is committed to realising value at Kilimapesa in the best possible way for existing shareholders, with discussions with potential investment partners progressing in support of this. Furthermore, at GRG I am confident that the work being done in Ghana, wider West Africa and South America to source quality material for processing will have a positive impact on production and profitability during the current financial year. I look forward to sharing comprehensive results with the market in September 2018.”