Analyst Research Report Snapshot

Title:

GOLDPLAT - TRACKING THE GOLD PRICE

Price:

$10.00

Provider:

Edison Investment Research

Date:

08 Mar 2013

Pages:

12

Type:

AcrobatPDF

Companies referenced:

GLDP.L ABGL.L ANGJ.J BSE.AX EDV.TO GFIJ.J IMPJ.J LMI.L

Available for Immediate Download
Summary:

Over the past five years Goldplat has operated an increasingly cash generative gold recovery business in South Africa and Ghana that has allowed it to become a market leader in this type of operation. The cash flows generated from these gold recovery businesses have been used to invest in and develop greenfield gold mining in Kenya, Ghana and Burkina Faso, with the Kilimapesa mine in Kenya achieving its first gold pour in January 2012. Following extensive research in West Africa, it was reasoned that a third centralised recovery should be built. Consequently Goldplat has registered a new trading company, Midas Gold SARL and feasibility studies are underway to establish an initial plant in Burkina Faso. Goldplat has the ability to finance these operations through its internal cash flow and is not highly leveraged to the gold price.

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