Goldplat (LON:GDP) - Robust gold recovery operations
Jan 14th 2013 - Edison Investment Research today published a report on Goldplat (GDP.L, LSE:GDP, LON:GDP) entitled "Robust Gold Recovery Operations". In summary, the report says:
Goldplat, the African-based gold producer, has announced a trading statement for its H113 results for the six months to 31 December 2012. The operating profits for the first half are expected to be around £2m, largely in line with H112. This is on the back of continuing robust operations at GRL and GRG, the gold recovery units based in South Africa and Ghana respectively. The Kilimapesa gold mine in Kenya has suffered operational losses in the first half, but is expected to break even by year end with production of c 1,000oz. This setback will see full production at Kilimapesa pushed back to FY15.
Edison Investment Research is a leading international investment research company. It has won industry recognition, with awards both in the UK and internationally. The team of 95 includes over 60 analysts supported by a department of supervisory analysts, editors and assistants. Edison writes on more than 400 companies across every sector and works directly with corporates, fund managers, investment banks, brokers and other advisers. Edison’s research is read by institutional investors, alternative funds and wealth managers in more than 100 countries. Edison, founded in 2003, has offices in London, New York and Sydney and is authorised and regulated by the Financial Services Authority (www.fsa.gov.uk/register/firmBasicDetails.do?sid=181584). more »
