UK’s gold mining firm Goldplat has put off the sale of its gold mine in Narok County to the end of February. Goldplat had initially expected to complete the sale of the Kilimapesa Goldmine to Mayflower Capital Investments Pty Ltd in October, but this was extended to December. Goldplat will also continue earning royalties from the sale of gold mined at Kilimapesa. “As announced on October 1, 2020, the term sheet was extended to December 31, 2020 based on certain conditions. Goldpat said since July when the two companies signed the initial terms, Mayflower had supported Kilimapesa with a subordinated loan of $400,000 (Sh44 million).

Source: Standard Digital January 07, 2021 06:46 UTC