London-listed Goldplat plc, which has gold recovery and exploration assets in South Africa, Ghana, Kenya and Burkina Faso, will carry on looking for expansion opportunities in Africa, particularly Burkina Faso, it admitted late on Monday.

But in the short term, Goldplat said, it will continue to pay attention to pursuing profitability and turning around its South African and Ghanaian operations before “making such expansion moves.”

Brian Moritz, chairman of Goldplat said the firm is also assessing diverse possibilities aimed at monetising its gold exploration assets in Kenya, Ghana and Burkina Faso.

Moritz said this could happen through a sale or joint venture opportunities, adding these projects were “de-prioritised” last year to reduce deficits in the company, allowing the firm to pay more attention to constructing “revenue-generating recovery” processes.

The company made these comments as it released figures for the six months ended December 2013, which saw revenues sag from $15.4 billion to $9.6 billion in the previous comparable period (December 2012).

Meanwhile, Moritz told Reuters that the firm is pondering a joint venture for its Kenyan operations to limit losses and “comply with a new local ownership law.”

The collaboration will assist the company with the redevelopment of its Kilimapesa gold mine in western Kenya., which is currently preserved on minimum staff numbers to reduce further financial deficits.