Goldplat (GB:GDP) has released an update.
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Goldplat plc reported a stable operating profit of £1.838 million for the first quarter, bolstered by rising gold prices and effective cost management. The company’s Ghanaian operations are transitioning to local beneficiation, increasing demands on working capital but also accelerating payments for gold sales. Meanwhile, in South Africa, Goldplat is focusing on cost control and market share expansion, while planning to process its tailings storage facility pending regulatory approvals.
For further insights into GB:GDP stock, check out TipRanks’ Stock Analysis page.
