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Goldplat progresses with restructuring

15th February 2021

By: Marleny Arnoldi

Deputy Editor Online

     

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To simplify its group structure and reduce costs, Aim-listed Goldplat has transferred a 74% holding in Goldplat Recovery, the South African gold recovery operation, from Gold Mineral Resources, an intermediate holding company, to the Goldplat group.

This is part of a larger programme to remove the intermediate holding company from the group, its associated administrative cost and also to create an improved taxation structure.

Goldplat holds 100% of Gold Mineral Resources, which still holds 49% of the Anumso exploration project, in Ghana, 100% of Gold Recovery Ghana and 100% of Kilimapesa Gold, in Kenya.

It also holds a direct 74% interest in Goldplat Recovery.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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