The operating profit of Aim-listed mining services group Goldplat, which owns and operates gold recovery operations in South Africa and Ghana, decreased to £1.19-million for the fourth quarter of its financial year ended June 30. The group’s operating profit for the financial year also decreased to £6.03-million, from £9.07-million in the 2022 financial year.
The operating profit of Aim-listed mining services group Goldplat, which owns and operates gold recovery operations in South Africa and Ghana, decreased to £1.19-million for the fourth quarter of its financial year ended June 30.
Goldplat points out that the operation lost 23 operating days – 25% of the total days available in the quarter – as a result of electricity cuts and infrastructure-related issues during the quarter. During the 2023 financial year, GRG applied to the Minerals Commission of Ghana to renew its gold licence, which is needed to export gold from the country. The finalisation of the renewal had, however, taken longer than expected, but was finally approved during the fourth quarter.
“I am pleased with the operating results achieved by the group during the fourth quarter and for the year as a whole, considering some of the difficult circumstances we faced, and we look forward particularly to improved operating results in Ghana during the first quarter of the 2024 financial year,” CEOHe adds that the completion of a new tailings storage facility in South Africa is “a big milestone for the group from a business continuity perspective”, noting that it also opens up...
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