GOLDPLAT CEO, Gerard Kisbey-Green, as resigned from the company after a four-year stint in which time the company has achieved profitable gold mining in South Africa but failed to find external financing for its loss-making Kilimapesa project in Kenya.
Werner Klingenberg, who joined Goldplat in 2015 and is the firm’s CFO, will be interim CEO whilst a full-time appointment is made, said chairman, Matthew Robinson. Kisbey-Green is to provide consultant services during the transitional period.
No reason was given for Kisbey-Green’s resignation. It added, however, that: “… a full review of the group’s senior management requirements has been initiated in order to fully reflect the group’s current emphasis on its profitable recovery operations”.
“The outcome of the review of the group’s senior management requirements will reflect the group’s strategic requirements going forward,” said Robinson.
Some 7,078 ounces of gold and gold equivalents were sold and transferred in the third quarter compared to 6,751 oz in the third quarter of 2018. However, Goldplat continued to record losses at Kilimapesa.
It produced 569 oz of gold and gold equivalents in line with “… revised plans aimed at reducing losses while continuing production during discussions to secure financing,” Goldplat said in its quarterly review today.
“Discussions regarding a potential transaction remain ongoing. Disappointingly, the possible transaction referred to in the previous quarterly update was terminated, but other possibilities are still being aggressively pursued,” it said.
