Goldplat plc, the AIM listed African gold producer, announces that, further to the statement made in the Interim Results dated 30 March 2015, the operating loss for the year ended 30 June 2015 is now expected to be materially the same as the operating loss for the half year ended 31 December 2014.
The Company expects to announce full year results for the year ended 30 June 2015 on 28 September 2015.
Gerard Kisbey-Green, Goldplat's CEO, commented "The substantial improvements in trading have not flowed through as rapidly as we had hoped. In particular, resumption of operations and improvements in Ghana were not realised during the period with significant value still in the pipeline at the year-end.
On a positive note, management is budgeting for an overall operating profit in the year ending 30 June 2016 and believe that capital projects will be funded internally with peak funding requirements being financed by non-equity capital during the period."
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For further information visit www.goldplat.com or contact:
|Gerard Kisbey-Green, CEO||Goldplat plc||Tel: +27 (71) 8915775|
|Ewan Leggat/Katy Birkin||SP Angel Corporate Finance LLP||Tel: +44 (0) 20 3463 2260|
|Andrew Raca/Justin McKeegan||VSA Capital||Tel: + 44 (0)20 3005 5000|
|Felicity Winkles/Charlotte Heap||St Brides Media Partners Ltd||Tel: +44 (0) 20 7236 1177|
Goldplat plc, is an AIM-listed 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.
Goldplat is a profitable, African gold recovery services company . . .More info...
Goldplat has two profitable gold recovery businesses in South Africa and Ghana . . .More info...
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