Goldplat (GDP)

Sector:

Mining

Index:

FTSE AIM All-Share

 7.40p
   
  • Change Today:
      0.000p
  • 52 Week High: 8.48
  • 52 Week Low: 2.40
  • Currency: UK Pounds
  • Shares Issued: 169.77m
  • Volume: 70,209
  • Market Cap: £12.56m
  • RiskGrade: 285

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 7.40p
Change Today 0.000p
% Change 0.00 %
52 Week High 8.48
52 Week Low 2.40
Volume 70,209
Shares Issued 169.77m
Market Cap £12.56m
RiskGrade 285

Goldplat Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
40.62% above the market average40.62% above the market average40.62% above the market average40.62% above the market average40.62% above the market average
75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average75.00% above the sector average
Price Trend
90.15% above the market average90.15% above the market average90.15% above the market average90.15% above the market average90.15% above the market average
66.13% above the sector average66.13% above the sector average66.13% above the sector average66.13% above the sector average66.13% above the sector average
Income Not Available
Growth
48.01% below the market average48.01% below the market average48.01% below the market average48.01% below the market average48.01% below the market average
83.05% below the sector average83.05% below the sector average83.05% below the sector average83.05% below the sector average83.05% 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 29-Sep-2020

Time Volume / Share Price
16:20 16,294 @ 7.34p
14:59 5,676 @ 7.35p
10:44 13,777 @ 7.30p
08:49 7,000 @ 7.30p
08:32 27,462 @ 7.30p

Goldplat Key Personnel

COO Hansie van Vreden
CEO Werner Klingenberg

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