A strong end to its trading year will mean gold recovery specialist Goldplat PLC (LON:GDP) posting underlying profits ahead of market expectations.
The published profits will include a £980,000 write-off for a project in Burkina Faso (Nyieme), but ignoring that the ongoing business had traded well said Gerard Kisby-Green, chief executive.
Production in the three months to June was 14,800 oz gold equivalent, with sales of 11,500 oz, and boosted by a one-off contract from a client in Africa.
There were also deliveries from a first long-term contract in Uruguay.
"The final quarter of the financial year produced good results all around for Goldplat, with a particular highlight being the continued record gold production and first operational profitability at our Kilimapesa operation,” Kisbey-Green added.
Production for the year totalled 42,857 gold equivalent ounces, a 14% increase over the previous year.
Shares rose 5% to 6.18p.
--updates for share price--