Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
24 August 2016
("Goldplat" or the "Company")
Goldplat, the AIM quoted African gold producer, is pleased to announce that further to the announcement made on 11 July 2016, the strength of the gold price, coupled with the reduction in the value of sterling, have contributed to a strong financial performance for the end of the year ended 30 June 2016.
Subject to completion of the audit, and, in particular, any developments and resulting accounting adjustments which may arise from the dispute with Rand Refinery between now and the finalisation of the financial statements, the Directors expect the Company's revenues for the year to be approximately £20 million and consolidated profit before tax to be in the order of £2 million. A detailed trading update for the final quarter will be issued in the near future.
The Company's preliminary results for the year ended 30 June 2016 are expected to be announced on 26 September 2016.
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For further information visit www.goldplat.com, follow on Twitter @GoldPlatPlc or contact:
CEO Goldplat plc
Tel: +27 (71) 8915775
Colin Aaronson / Jen Clarke / Daniel Bush
Grant Thornton UK LLP (Nominated Adviser)
Tel: +44 (0) 20 7383 5100
Andrew Raca / Justin McKeegan
VSA Capital Limited (Broker)
Tel: +44 (0) 20 3005 5000
Charlotte Heap / Susie Geliher
St Brides Partners Ltd
Tel: +44 (0) 20 7236 1177
Goldplat plc, is an AIM quoted gold recovery services company with two market leading operations in South Africa and Ghana. The Company's strategy is focussed on utilising its cash flow generated from flagship gold recovery operations in Africa to self-fund sustainable growth and expansion of niche gold recovery business model. The Company also has a small gold mining and exploration portfolio in Kenya, Burkina Faso and Ghana and is evaluating various opportunities to create value or monetise these assets.
This information is provided by RNS