JOHANNESBURG (miningweekly.com) – Aim-listed Goldplat on Wednesday reported that its Africa-based projects delivered total gold and gold equivalent production of 11 969 oz in the three months to June 30.
The quarter also delivered continued profitability and steady progress on priority capital projects in South Africa, Ghana and Kenya.
During the quarter, the Rand Refinery silver toll recovery project was completed and, although the contract is under dispute, preliminary results from the project showed 3 700 kg of silver and 1 350 oz of gold were produced.
Total gold and gold equivalents sold amounted to 6 584 oz and gold and gold equivalents transferred to clients amounted to 9 131 oz, amounting to total gold and gold equivalents sold and transferred of 15 715 oz.
"This has been a very strong final quarter and I am very pleased with what the various Goldplat teams have achieved. Notwithstanding the dispute with Rand Refinery, the silver project was a great technical success and processing the first trial batch of South American material successfully in Ghana was an unexpected bonus,” CEO Gerard Kisbey-Green said.
Goldplat in July reported that it and Rand Refinery had entered into a payment dispute, with Rand Refinery contesting R13.5-million in unpaid fees for the processing of silver sulphide material by Goldplat Recovery.
The companies are in discussion to find a resolution to the impasse, with a joint team appointed to manage a process of investigation, to be run by independent external industry experts, to help the parties resolve the dispute.
The investigation is expected to be completed in the fourth quarter of this year.
Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
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