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Pin to quick picksGoldPlat Share News (GDP)

Share Price Information for GoldPlat (GDP)

London Stock Exchange
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Share Price: 6.85
Bid: 6.70
Ask: 7.00
Change: -0.05 (-0.72%)
Spread: 0.30 (4.478%)
Open: 6.90
High: 6.90
Low: 6.85
Prev. Close: 6.90
GDP Live PriceLast checked at -

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Goldplat crashes following 'very difficult quarter'

Fri, 02nd Nov 2018 08:54

(Sharecast News) - AIM-listed gold producer Goldplat remains confident its strategic initiatives will yield "improved results" in future despite having just endured a "very difficult quarter".Goldplat said it would put its Kilimapesa mine in South Western Kenya on care and maintenance by the end of November if it could not secure funding for expansion, though management have made "good progress" in trying to drum up some cash.Problems sourcing sufficient material for processing at its Ghanaian asset carried over into the first quarter of its new trading year, as expected. However, the firm said improvements at its South African operations at the tail end of September had begun to bear fruit in the second quarter, with a return to normalised production now expected following a challenging quarter.Production for the quarter came to 6,138 ounces of gold equivalent - a 40% drop year-on-year.Goldplat also revealed that gold equivalent ounces sold and transferred during the quarter had dropped year-on-year as a result of reduced production and first-quarter sales from 2017 being augmented by a carry-over from a large contract produced during 2016.Gold equivalent ounces sold and transferred during the quarter dropped 62% to 5,407 ounces.As of 0850 BST, Goldplat shares had sunk 32.63% to 3p.
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Goldplat Warns Overall Operating Profit To Be Below Expectations

LONDON (Alliance News) - Goldplat PLC Friday warned that, despite achieving an overall operating profit in its full year, levels of operating profit will be materially below market expectations due to suspension of operations, continuing losses from its Kilimapesa gold mine in Kenya, and a delay

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Goldplat Posts Operating And Net Profit In Third Quarter

LONDON (Alliance News) - Goldplat PLC Friday said it made an operating and net profit in its third quarter as a result of strong performance at its gold recovery operations in South Africa and Ghana. The gold recovery and production company in Africa posted a net profit of GBP313,000 for th

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UPDATE: Goldplat Pretax Loss Widens On Lower Revenues And Grade Recoveries

LONDON (Alliance News) - Goldplat PLC Monday said its pretax loss widened slightly in its first half as lower revenues due to weaker gold prices and lower grade recoveries hit company finances as expected. The AIM-listed gold production and recovery company said its pretax loss widened to G

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10 Mar 2014 14:04

UK MIDDAY BRIEFING: London's Capital Markets Continue Recovery

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10 Mar 2014 09:00

Goldplat Pretax Loss Widens On Lower Revenues And Grade Recoveries

LONDON (Alliance News) - Goldplat PLC Monday said its pretax loss widened slightly in its first half as lower revenues due to weaker gold prices and lower grade recoveries hit company finances as expected. The AIM-listed gold production and recovery company said its pretax loss widened to G

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AIM-listed Goldplat revealed a widening of its half-year losses on the back of a steep revenue decline, as sales were hit by a weak gold price. However, the group was more optimistic about its future, as it revealed that the second half of the year was already performing more strongly and as such

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UK MIDDAY BRIEFING: Property Companies Lead Markets Higher

LONDON (Alliance News) - UK property companies are flavour of the day Monday, with commercial property trusts performing well on the back of strong results from Hammerson and housebuilders doing well after Rightmove reported a further surge in house prices.

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