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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 GBP2.0 million from GBP1.1 million a year prior, up 83%. Full-year operating profit is up 51% to GBP8.0 million from GBP5.3 million.
Says fourth-quarter operating profit in South Africa increases to GBP1.2 million from GBP350,000 year-on-year, with Ghana being flat at GBP728,000 compared to GBP729,000. Cash balance falls to GBP3.7 million from GBP3.1 million.
Says that its new tailings storage facility in South Africa will cost GBP650,000, which is GBP300,000 over the original estimate. "Of the GBP650,000, GBP300,000 has been incurred during the fourth quarter," Goldplat states.
Current stock price: 9.05 pence, up 11% on Wednesday
12-month change: up 30%
By Tom Budszus; tombudszus@alliancenews.com
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