UK gold firm’s Kenyan subsidiary output falls amid lossesLondon-based Goldplat’s loss-making Kenyan subsidiary Kilimapesa Gold Mine has reported a drop in gold production in the half-year to December last year. This even as its owners said talks with potential investors to buy a stake in the mine located in Narok County were in the home stretch. Goldplat said gold production for its Kenyan mine had dropped 23 per cent in the six months to December last year. SEE ALSO :Golden Christmas with marigoldsIt produced 2,058 ounces of gold over the period, compared with 2,681 ounces during a similar period in 2017. The firm said it had decided to continue operations at the mines as discussions with the financiers were concluded as opposed to suspending operations.

Source: Standard Digital February 04, 2019 21:04 UTC