QS Results5 May 2022 08:06
https://www.londonstockexchange.com/news-article/GDP/3rd-quarter-operating-results-update-31-march-2022/15438165Goldplat plc, the (AIM :GDP) listed gold producer, with international gold recovery operations located in South Africa and Ghana, is pleased to announce an operational update for the 3rd quarter, ended 31 March 2022 (“Q3”), of the current financial year. The two recovery operations continued a strong combined operating performance from the previous quarter and achieved a combined operating profit for the quarter of £2,286,000 which represented a 96% increase against Q3 in the previous period (Q3, 31 March 2021 - £1,165,000).The combined operating profit for the operating entities for 9 months ending 31 March 2022 increased by 43% to £6,045,000 (Q3, 31 March 2021, £4,220,000). This quarter's strong numbers were supported by increased operating performance in South Africa of £1,627,000 (Q3, 31 March 2021 - £575,000), whilst Ghana achieved steady operational results of £659,000 (Q3, 31 March 2021 - £687,000).Werner Klingenberg, CEO of Goldplat commented: “I am pleased to note the geographically diversified strength in our recovery operations and the contribution from production of PGM’s. This further supports our decision to expand in to the South American market and the investment made into leveraging our current skillsets and infrastructure, to diversify the materials and elements we can process economically. I am encouraged with progress on the tailings facility which should add a further significant revenue stream to the business in future.“