Goldplat (GDP)

Sector:

Mining

Index:

FTSE AIM All-Share

6.90p
   
  • Change Today:
      0.13p
  • 52 Week High: 7.08p
  • 52 Week Low: 2.15p
  • Currency: UK Pounds
  • Shares Issued: 167.44m
  • Volume: 1,603,387
  • Market Cap: £11.55m
  • RiskGrade: 730

Goldplat breaks even in H2 as cost-cutting efforts yield results

By Iain Gilbert

Date: Thursday 08 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Gold producer Goldplat broke even in the second half of its trading year as cost-cutting efforts began to bear fruit.
While Goldplat will still turn in an operating loss for the full-year, a number of initiatives to reduce operational costs across the group yielded positive results, together with improved efficiencies as an additional benefit.

The AIM-listed group said its efforts would also aid in its ability to source and process lower grade material in the future.

Goldplat saw good production levels in South Africa, though sourcing issues impacted its operations in Ghana.

Elsewhere, a source of new material from Mali was being evaluated, with focus switching to other sources in West Africa, and while the group\'s Kilimapesa mine went on care and maintenance in May, Goldplat noted that Kenya had now started refunding the mine\'s VAT claims - with $200,000 received so far.

Cash and equivalents came to £2.1m as at 30 June.

Chief executive Werner Klingenberg said: \"We delivered continued profitable production in South Africa during the quarter and achieved substantial savings by putting Kilimapesa under care and maintenance.

\"In the next quarter, we aim to accelerate the progress of growing the greater West African market. Management\'s continued priority will be to maintain the established momentum of the recovery operation and improve the reliability of sourcing material.\"

As of 1025 BST, Goldplat shares had sunk 10.13% to 3.37p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Goldplat Market Data

Currency UK Pounds
Share Price 6.90p
Change Today 0.13p
% Change 1.85 %
52 Week High 7.08p
52 Week Low 2.15p
Volume 1,603,387
Shares Issued 167.44m
Market Cap £11.55m
RiskGrade 730

Goldplat Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
30.76% above the market average30.76% above the market average30.76% above the market average30.76% above the market average30.76% above the market average
26.32% above the sector average26.32% above the sector average26.32% above the sector average26.32% above the sector average26.32% above the sector average
Price Trend
69.09% above the market average69.09% above the market average69.09% above the market average69.09% above the market average69.09% above the market average
74.40% above the sector average74.40% above the sector average74.40% above the sector average74.40% above the sector average74.40% above the sector average
Income Not Available
Growth
55.67% below the market average55.67% below the market average55.67% below the market average55.67% below the market average55.67% below the market average
89.83% below the sector average89.83% below the sector average89.83% below the sector average89.83% below the sector average89.83% below the sector average

Goldplat Dividends

  Latest Previous
  Final Final
Ex-Div n/a 27-Nov-13
Paid n/a 19-Dec-13
Amount 0.000p 0.12p

Trades for 19-Feb-2020

Time Volume / Share Price
15:40 117,502 @ 6.81p
16:22 50,000 @ 6.81p
16:19 12,206 @ 6.89p
16:12 50,000 @ 6.83p
15:53 19,677 @ 6.83p

Goldplat Key Personnel

COO Hansie van Vreden
CEO Werner Klingenberg

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