SOME precious metal recovery companies set up shop near a site of waste ore from which they squeeze out the remaining metal. In the case of Goldplat, it signs contracts with an array of clients and removes the dumps to its own freehold site where they are treated. Last year, Goldplat recovered just over 28,000 ounces of gold from mining premises in South Africa and Ghana, the latter positioned for growth given its access to mining clients in relatively new mining districts of Burkina Faso, Ghana and the DRC, among others. Essentially, companies like Goldplat are about their technology so it was cause for grief when it discovered Rand Refinery in South Africa could not refine its concentrate. This led to cash flow problems, a loss of clients, and a nasty looking loss in 2015, entirely owing to its issues in the first half. Enter Kisbey-Green, who marries banking expertise with mining engineering. The company has sought out a new refining partner and is tackling issues such as more efficient cyanide usage to minimise the effects of the decline in the gold price. Goldplat also has a modest mine in Kenya and exploration properties in Burkina Faso and Ghana. Exploration is certainly on Kisbey-Green’s mind: he is also president and CEO of Aurigin Resources, a Toronto business with exploration properties in East Africa.
LIFE OF GERARD
Kisbey-Green is a mining engineer with experience at Rand Mines and the gold division of Anglo American. He has spent 17 years, however, in the financial markets either as a sell-side analyst or a banker. After a stint overseas, he returned as MD with Standard Bank. He was CEO of Peterstow Aquapower in 2011 before joining Toronto’s gold exploration firm, Aurigin Resources. He became Goldplat CEO in February 2015.
- Web Address: www.goldplat.com