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Goldplat ( (GB:GDP) ) just unveiled an announcement.
Goldplat Plc reported its Q2 operating results for the period ending December 2024, showing a profit before tax of £834,000, despite disruptions in Ghana affecting December revenue. In South Africa, the company saw a profit of £279,000 due to stable production and rising gold prices. The company is focusing on increasing capacity and improving processes in Ghana, obtaining necessary permits, and engaging with the new government for business continuity. In South Africa, efforts are on increasing market share while progressing towards approvals for processing its old tailings storage facility (TSF). In Brazil, Goldplat finalized a land acquisition to enhance its local processing capabilities. Despite challenges, the company’s cash balances remain strong at £2,550,000, aiming to manage working capital and capital requirements efficiently.
More about Goldplat
Goldplat Plc is an AIM-listed Mining Services Group with international gold recovery operations in South Africa and Ghana, focusing on servicing the African and South American mining industry.
YTD Price Performance: 4.83%
Average Trading Volume: 200,991
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £12.75M
See more insights into GDP stock on TipRanks’ Stock Analysis page.