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Goldplat plc RNS Release

Trading update

RNS Number : 9601H
Goldplat plc
24 August 2016
 

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration

 

24 August 2016

 

Goldplat plc

("Goldplat" or the "Company")

 

Trading update

 

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.

 

*** ENDS ***

 

For further information visit www.goldplat.com, follow on Twitter @GoldPlatPlc or contact:

Gerard Kisbey-Green

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

 

About Goldplat                                         &# 160;                                                      
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
The company news service from the London Stock Exchange
 
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