REG-Trading Update <Origin Href="QuoteRef">GLDP.L</Origin>

GoldplatAnnouncement

20/07/2015 10:30

Goldplat plc / Ticker: GDP / Index: AIM / Sector: Mining & Exploration
20 July 2015
Goldplat plc ('Goldplat' or 'the Company')
Trading Update 
Goldplat plc, the AIM listed African gold producer, announces that, further to the statement made in the Interim Results dated 30 March 2015, the operating loss for the year ended 30 June 2015 is now expected to be materially the same as the operating loss for the half year ended 31 December 2014. 
The Company expects to announce full year results for the year ended 30 June 2015 on 28 September 2015.
Gerard Kisbey-Green, Goldplat's CEO, commented "The substantial improvements in trading have not flowed through as rapidly as we had hoped. In particular, resumption of operations and improvements in Ghana were not realised during the period with significant value still in the pipeline at the year-end. 
On a positive note, management is budgeting for an overall operating profit in the year ending 30 June 2016 and believe that capital projects will be funded internally with peak funding requirements being financed by non-equity capital during the period."
** ENDS **
For further information visit www.goldplat.com or contact:
 Gerard Kisbey-Green, CEO 
 Goldplat plc 
 Tel: +27 (71) 8915775 
 Ewan Leggat/Katy Birkin      
 SP Angel Corporate Finance LLP 
 Tel: +44 (0) 20 3470 0470 
 Andrew Raca/Justin McKeegan  
 VSA Capital 
 Tel: + 44 (0)20 3005 5000 
 Felicity Winkles /Charlotte Heap 
 St Brides Partners Ltd 
 Tel: +44 (0) 20 7236 1177 
Goldplat plc, is an AIM-listed gold recovery services company with two market leading operations in South Africa and Ghana. The Company's strategy is focussed on utilising its cash flow generated from flagship gold recovery operations in Africa to self-fund sustainable growth and expansion of niche gold recovery business model. The Company also has a small gold mining and exploration portfolio in Kenya, Burkina Faso and Ghana and is evaluating various opportunities to create value or monetise these assets.


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Goldplat plc via Globenewswire
HUG#1939897