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Goldplat commissions first of new elution plants

As well as improving its cash position, it provides capacity for production to rise in future, it said.

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The column is the first of three acquired from DRD Gold

Goldplat (LON:GDP) expects to clear the remainder of its stocks backlog after its new elution column at its South African gold recovery operation came on stream.

It was an important milestone, said Goldplat, which will use the column to extract gold from mining waste and by-products.

As well as improving its cash position, it provides capacity for production to rise in future, it said.

The column is the first of three acquired from DRD Gold. Where the other two end up has yet to be decided though one may go to the company’s gold recovery operation in Ghana.

Gerard Kisbey-Green, chief executive, said: "The increase in our elution capacity to an average daily throughput rate of 8 tonnes per day supports Goldplat's strategy to capture more of the gold recovery value chain in-house and completes another significant capital project."

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Price: 5.9 GBX

AIM:GDP
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Market Cap: £9.88 m
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