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Narok-based gold miner’s output up in first quarter

Output at the Kilimapesa gold mines in Narok operated by UK Goldplat increased in the three months ended March 31 on the back of an expanded plant.

Goldplat said it produced 964 ounces of gold and gold equivalents at the mines, 900 of which was sold in the quarter.

In the previous quarter Kilimapesa produced 503 ounces of gold out of which 442 ounces was sold.

“This has been a good quarter on all fronts, especially with respect to our main areas of strategic focus. I am particularly pleased with progress made on the plant expansion and achievement of targets at Kilimapesa,” said chief executive Gerard Kisbey-Green in a regulatory filing.

Gold is currently selling at Sh132,617 an ounce, meaning the firm almost raked in Sh119 million. The firm last month commissioned a new plant in the Kilimapesa mines with a view to raising production.

In the update, it said stage two of the processing plant expansion — which includes the installation and commissioning of the crusher circuit and construction of the civil and fabrication of three additional carbon-in-leach tanks—is largely on target for completion this month.

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