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Goldplat closes Kilimapesa gold mine's Plant 1 following 2nd-stage expansion

Goldplat Plc said May 21 that it will close Plant 1 at its Kilimapesa gold mine in Kenya, after the successful installation and subsequent second-stage expansion of a new processing plant, which is processing at a rate of about 5,000 tonnes per month.

The closure of Plant 1 was done in order to partially reduce overall production costs, allow for the optimization of gold recovery and to increase the life of mine.

In addition, the closure is expected to result in a reduced production of slightly below 5,000 ounces in the last quarter. However, the changes in production is expected to positively impact profitability due to lower production costs per ounce at Plant 2.

A planned third-stage expansion, which includes the installation of a third mill and the construction of a more cost-effective tailings dam layout, will be undertaken on a modular basis.