News blog

Goldplat

  • BY: Andrew Hore |
  • POSTED: 11/05/2014 |

Gold recovery and exploration company Goldplat says that its South African gold recovery operation has returned to profit in the third quarter.

A £398,000 third quarter profit more than covers the £138,000 loss in the first half. A move to a 24 hour shift has improved efficiency and offset the effect of lower grades.

The Ghana gold recovery operation continues to be profitable and it has made £532,000 in the first nine months of the year.

However, the loss at the Kilmapesa mining operation was £448,000 in the nine months and on top of that interest costs are increasing.

Goldplat is seeking a joint venture partner for Kilmapesa.

SP Angel expects a post-tax 2013-14 profit of £77,000, down from £1.73m the previous year, although this reflects an improved second half following the £912,000 interim loss.

At 4.5p a share, Goldplat is valued at £7.5m. SP Angel expects net cash to fall to £1.34m by the end of June 2014.

Download the latest AIM Journal from http://www.hubinvest.com/AIMPDFMay2014_56.pdf

© 2024 Aim Micro. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Browse by issue
All issues
Popular tags
All tags

betbrokers, financial, gold, health, leisure, media, mobile, resources, services, technology

AIM Micro feeds

Keep up to date with articles published at AIMMicro.com. Subscribe to AIM Micro RSS Feeds