Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

Goldplat's profits surge, production rises

Goldplat recovers metal left on the by-products from mining
picture of gold bars
Production rose by 22%

Gold recovery specialist Goldplat PLC (LON:GDP) saw profits surge in its latest half year.

The group with operations in South Africa and Ghana posted a 238% rise in pre-tax profit to £1.33mln in the six months to December on revenues of £14.4mln (£10.7mln).

Goldplat recovers metal left on the by-products from mining and production rose by more than a fifth to 21,317 ounces in the half year, though some of this was held back while it waited for renewal of its licence in Ghana, which has now come through.

The AIM-listed junior added that independent review in its dispute with Rand Refinery is nearing a conclusion and it remains confident of a favourable outcome.

Matthew Robinson, chairman, said; “Focus for the remainder of FY2017 will be on completion of Stage two of the new plant at Kilimapesa; concluding the strategy for sourcing material in South America and West Africa to deliver the growth strategy for GRG; and continuing to seek efficient and acceptable alternative sources of debt”. 

PhilW.jpg
Why Invest In Goldplat plc? Read More Here

Register here to be notified of future GDP Company articles
View full GDP profile

Goldplat plc Timeline

Big Picture
February 20 2017
Video
October 27 2016

Related Articles

shutterstock_157865516-001_580d4502e2d04.jpg
October 24 2016
These mid-program results demonstrate the potential the Wa Gold Project has to host shallow gold mineralisation.
Otis Gold: For valuation anomaly read opportunity
October 28 2016
You suspect if Kilgore Gold Mine Project was located over the south-western border in Nevada, where there’s seemingly a gold mine on every corner, Otis’ value might be higher.
Gold---usable.jpg
November 02 2016
Caledonia Mining is now well into an expansion plan that could boost gold production

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.