Goldplat completes expansion of Kilimapesa processing plant

An AIM listed gold producer, with key projects spanning South Africa and Ghana, has succseffully completed a significant expansion to one of its processing plants.

Goldplat announced this week that it had not only completed a “Stage 2” expansion of a new processing plant at its Kilimapesa Gold Mine in Kenya, the processing plant is processing at a rate of circa 5,000 tonnes per month.

Following the news, the company will officially close ins “incumbent plant” – Plant 1.

“This major step forward will reduce overall production costs, allow gold recovery to be optimised and increase the life of the mine,” the company announced.

In closing Plant 1, Goldplat will enable further cost savings through the restructuring of labour.

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Gerard Kisbey-Green, CEO of Goldplat plc, said: "Our commitment and focus at Kilimapesa and indeed our operations as a whole, is to build production output and profitability. Having successfully executed a phased development plan to improve operational efficiencies at the mine by installing a new processing plant, we are delighted that Plant 2 is now established enough that we can continue running this plant as our sole processing facility. This will have a positive effect on profitability and help ensure we operate a more robust operation moving forward."

Kilimapesa is a producing gold mine located in South Western Kenya. The mine is located in the historically productive Migori Archaean Greenstone Belt and has a total resource of 8,715,291 tonnes at 2.40 g/t of gold for a total of 671,446 ounces of gold at 1 g/t.