Goldplat’s year hampered by challenging operating environment in Ghana
Aim-listed Goldplat says it continued to achieve profitable trading results and maintained a solid cash balance during the year ended June 30, despite a challenging operating environment in Ghana
The group operates gold recovery facilities in South Africa and Ghana, servicing the African and South American mining industry.
“Considering the operational challenges during the year, specifically business model changes required in Ghana, I am pleased with the trading results achieved by the group this year and the board are confident in the foundational work which continues to be done,” CEO Werner Klingenberg comments.
Revenue decreased by 22% year-on-year to £56.7-million, while operating profit decreased by 61.8% to £3.7-million.
Adjusted profit before tax decreased by 55.2% to £2.7-million from £6-million. This excludes the Kilimapesa impairment of £714 000.
Profit for the year decreased by 73.2% to £1.2-million.
Goldplat highlights robust cash generation with net cash flows from operating activities of £6-million, compared with £3.9-million in 2024. Cash and cash equivalents increased to £6.1-million from £3.9-million.
Earnings a share decreased by 76.1% to 0.60p from 2.51p.
Looking ahead to the next financial year, Klingenberg says Goldplat expects build on current operational performances by increasing supply and progressing the processing of material from the tailings storage facility.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Research Reports
Projects
Latest Multimedia
Latest News
Showroom
The Steel Tube Export Association of South Africa was established to develop sustainable, internationally competitive carbon steel tube and pipe...
VISIT SHOWROOM
For over 15 years, Lilak Aluminium, a trusted leader in architectural extrusion supply, has delivered excellence to businesses like yours.
VISIT SHOWROOM
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
