LONDON (Thomson Financial) - Goldplat plc said gold production at its new plant in Ghana, operated by its unit Gold Recovery Ghana Ltd, has started on schedule and that the company is eyeing mining acquisition opportunities in Ghana.
The company said it is making rapid progress in the Ghana operation and it has taken a decision to reduce the rate of development in Ghana while maintaining profitability by stepping up South African production.
'The opportunities available to us to enter the junior mining area have exceeded expectations, and some of our cash flow has been used to investigate these opportunities,' chief executive Demetri Manolis said in a statement.
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