Goldplat plc (GB:GDP) has released an update.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Goldplat plc, a Mining Services Group operating in South Africa and Ghana, has announced the successful arrival and upcoming commissioning of diesel generators at its South African operations. The GBP800,000 investment, financed through a local bank over three years, aims to mitigate the operational downtime caused by electricity supply cuts, which had previously resulted in a 6% loss of operating hours during the third quarter. CEO Werner Klingenberg expresses optimism that these generators will help alleviate the impact of power issues on their operations.
For further insights into GB:GDP stock, check out TipRanks’ Stock Analysis page.