Source - Alliance News

Goldplat PLC - South Africa and Ghana-focused gold miner - Says quarterly operating profit grows, driven by South Africa. Operating profit in its fourth quarter ended June 30 climbs to £2.0 million from £1.1 million a year prior, up 83%. Full-year operating profit is up 51% to £8.0 million from £5.3 million.

Says fourth-quarter operating profit in South Africa increases to £1.2 million from £350,000 year-on-year, with Ghana being flat at £728,000 compared to £729,000. Cash balance falls to £3.7 million from £3.1 million.

Says that its new tailings storage facility in South Africa will cost £650,000, which is £300,000 over the original estimate. ‘Of the £650,000, £300,000 has been incurred during the fourth quarter,’ Goldplat states.

Current stock price: 9.05 pence, up 11% on Wednesday

12-month change: up 30%

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