04 aug 25   goldplat plc - q4 operating results, trading update and dividend goldplat plc | gdp | 6.8 0 0.0% | mkt cap: 11.5m    rns number : 8004t goldplat plc 04 august 2025   goldplat plc / ticker: gdp / index: aim / sector: mining & exploration 4 august 2025 goldplat plc ('goldplat' or the 'company') 4th quarter operating results for quarter ended 30 june 2025 trading update for the year ended 30 june 2025 dividend declaration   goldplat plc, (aim:gdp) the aim listed mining services group, with international gold recovery operations located in south africa and ghana, servicing the african and south american mining industry, is pleased to declare a dividend and announces an operational update for the 4th quarter ("q4") of the current financial year and a trading update for the current financial year ended 30 june 2025 ("fy2025"). q4 operational update the two recovery operations had their second best quarterly operational performance for fy2025, achieving a combined operating profit for q4 of £1,670,000 (fy q3 2025 - £694,000) (excluding listing and head office costs, finance cost and foreign exchange gains/losses). during q4 the two recovery operations achieved a combined profit before tax of £766,000 (fy q3 2025 - £769,000) after they incurred £18,000 in net interest costs (fy q3 2025 - £15,000) and £967,000 in foreign exchange losses (fy q3 2025 - foreign exchange gain £90,000) which mainly related to trading activities and large cash balances on hand and was driven by the 40% strengthening of the ghanaian cedi against the united state dollar since april 2025. ghana achieved an operating profit for q4 of £1,052,000 (fy q3 2025 - £684,000) and a profit before tax for q4 of £164,000 (q3 fy2025 £784,000) as a result of foreign exchange losses of £931,000 explained above. the south african operation achieved its strongest operating profit performance for the financial year during q4 of £618,000 (fy q3 2025 - £10,000) and a profit before tax for q4 of £602,000 (fy q3 2025 loss before tax - £15,000) supported by increased volumes from south america, cost management and an increasing gold price. fy 2025 trading update despite a good operating quarter, the board expects that the group's results for fy2025 will be materially below current market expectations, with the adjusted profit before tax to be in the region of £2,600,000 (fy2024 £5,993,000) driven principally by changes in the business model in ghana during the year and significant foreign exchange losses towards the end of the financial year. as part of the year end process, we are reviewing the royalty's receivable on the sale of kilimapesa which is held in the balance sheet at £714,000 for potential impairment. dividend declaration an interim dividend of 0.0878 pence per share will be paid to shareholders on 29 august 2025, with the record date being 15 august 2025 and ex-dividend date 14 august 2025. it is the intention of the board to assess the distribution of dividends on a quarterly basis going forward.  gold recovery ghana ("grg") the following events have contributed to the q4 operating results: ·      during q4, grg had the first normalised operational period under the new grg business model, which has involved it becoming a preliminary processor and smelter of bullion rather than an exporter of gold bearing concentrates as a result of which we have seen the following effects on the business -   o  turnover has reduced and stabilised in line with production and smelting capacity. o  reduction in working capital requirements and related interest costs; and o  clarity with regard to regulatory expectations.   ·      apart from the above, the grg operations remain fully dependent on the supply of material which has reduced due to: o  closure of exports in west african countries of gold bearing by-products; o  supply from south america being directed to south africa; o  internal process changes at a client in ghana resulted in the reduction in high-grade material received from the specific client, reducing turnover and operating profit.   ·      with the changes in business model implemented and greater clarity on their impact, grg will be able to implement additional measures to ensure sustainable profitability from the local grg client base.   ·      we have invested £1,250,000 this financial year to increase onsite production of bullion capacity. this investment was required to increase plant capacity and to increase the recovery of gold from concentrate on site.   ·      as previously announced, the ghanaian government has implemented a new gold board, tasked with managing local gold production and they have started implementing new measures which will require the sale of a percentage of dore in country.   ·      we have agreed with the gold board to sell 20% of dore in country and we are engaging authorities with a view to exporting low grade gold bearing material which we cannot economically recover to bullion locally. goldplat recovery (south africa) ·      material sent from south america to south africa was received and processed during q3 and q4 and was exported in q4.   ·      we continue to have encouraging engagements with gold producers in south africa and we are confident that we will be able to increase our market share in south africa as well as the supply of by-products in the next financial period.   ·      continuous improvement initiatives to improve recoveries and strict cost controls continue to counter decreasing grades and complexities in material received.   ·      engagements with several parties for the tsf project continued during q4 with the aim of getting all approvals completed by december 2025. the processing of the old tsf remains dependent on the approval of the water use license by local authorities and approval from third parties in certain areas for the installation of a pipeline to the drd gold processing facility. we also still need to agree commercials terms with drd gold which will be based on test work and analysis which is ongoing.    ·      we continue to strengthen our visibility of supply of low-grade soils for our milling circuits, with more than 24 months' supply of material for processing on site and more under contract, although the grade in the supply contained continued to reduce.   gold recovery brazil ·      we have spent close to £62,000 of the planned spend of £200,000 during q4 on on-site activities. spiral equipment has been ordered and is expected to arrive in brazil in november 2025. the project is expected to be completed by december 2025.   ·      sourcing in south america was strong during the quarter and continues to be the focus of the local team. group cash balances cash balances in the group increased to £6,040,000 at the end of q4 (fy q4 2024 - £3,800,000) due to turnaround of high inventory levels in ghana at the end of fy 2024 and the timing of payments of large creditors which took place in the first week of july 2025.   the cash balances will be used to manage working capital requirements, capital expenditure and to pay the dividend which amounts to £150,000. werner klingenberg, ceo of goldplat commented: "the group had a strong operating quarter supported by good supply from south america as well as the gold price. our operations remain sensitive to continuous supply of gold bearing material, which has been impacted by the decree on export of gold-bearing by-products in some west african countries. in south africa, we are seeing positive results on gold and pgm sourcing activities and continue streamlining the operations to respond to lower visibility of supply of material. notwithstanding the lower visibility of supply, we are confident that we will increase our market share in south africa as well as the supply of by-products in the next financial period in ghana, the team continued its implementation and management of several new processes and procedures to focus the business on local beneficiation and manage engagement with mining clients and authorities regarding the changes and requirements. i am pleased to announce the declaration of a dividend and the aim to establish a steady and regular return to shareholders. reflecting the uneven nature of the group's revenues, we plan to calculate and, subject to the group's cash requirements, pay dividends on a quarterly basis going forward. the board remains confident in the fundamentals of the business and continues to progress strategic initiatives to improve long-term performance and enhance shareholder value through establishing sustainability in ghana after the changes in the business model, progressing the approval of the tsf pipeline, increasing market share in south africa and expanding in brazil. this should provide stability in working capital requirements and ultimately the continued return of cash to shareholders." for further information visit www.goldplat.com, follow on x @goldplatgdp or contact: werner klingenberg   goldplat plc (ceo)   tel: +27 (0) 82 051 1071 colin aaronson / samantha harrison / ciara donnelly   grant thornton uk llp (nominated adviser) tel: +44 (0) 20 7383 5100 harry ansell / james bavister / andrew de andrade   zeus (broker) tel: +44 (0) 203 829 5000 tim thompson / mark edwards / fergus mellon flagstaff strategic and investor communications tel: +44 (0) 207 129 1474 goldplat@flagstaffcomms.com       table 1 mineral resource estimate of the tsf, south africa: total resource domain class tonnes (mil) density au (g/t) au (oz) u3o8 (g/t) u3o8 (lbs) ag (g/t) ag (oz) total resource measured 0.87 1.32 1.82 50,907 61.41 117,754 4.85 135,573 indicated 0.49 1.37 1.77 27,897 59.73 64,506 4.71 74,165 inferred 0.07 1.30 1.4 3,154 71.40 11,016 2.82 6,356 grand total 1.43 1.34 1.78 81,959 61.32 193,276 4.70 216,094   100% attributable to the company. the tailings mineral resource estimate was announced in accordance with the jorc code (2012) in a press release on 29 january 2016. mark austin of applied geology & mining (pty) ltd was the competent person responsible for that announcement. the company confirms that all material assumptions and technical parameters underpinning the resource estimate continue to apply and have not materially changed, and it is not aware of any new information or data that materially affects the estimates.   the information contained within this announcement is deemed to constitute inside information as stipulated under the retained eu law version of the market abuse regulation (eu) no. 596/2014 (the "uk mar") which is part of uk law by virtue of the european union (withdrawal) act 2018. the information is disclosed in accordance with the company's obligations under article 17 of the uk mar. upon the publication of this announcement, this inside information is now considered to be in the public domain.   this information is provided by rns, the news service of the london stock exchange. rns is approved by the financial conduct authority to act as a primary information provider in the united kingdom. terms and conditions relating to the use and distribution of this information may apply. for further information, please contact rns@lseg.com or visit www.rns.com.  rns may use your ip address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. for further information about how rns and the london stock exchange use the personal data you provide us, please see our privacy policy.   end   upduoskrvruwrar return to news summary

Label: Gestiegen