UK firm puts a shine on Kenya’s gold export dream

The firm also claims that it has forged “excellent relationships” with the local community and local artisan miners. The firm also continues to develop other four exploration targets at Kilimapesa namely Olepoipoi, Meghor, Teng Teng and Red Ray, as well as investigating other known high-grade areas with surface mining potential in order to increase the life of mine.

Chairman Brian Moritz commented: “Our objective of becoming a mid-tier miner is under way with Kilimapesa Gold moving towards profitable production and other projects under review. The current favourable gold price environment is enhancing our value and we are in a strong position for growth.”

Gold prices have defied the slowing global economy to traded at slightly above the $1,000 an ounce mark in recent months as investors look at a the commodity as a classic hedge against inflation, falling current and asset classes such as equities.