Goldplat plc reported a sharp increase in quarterly profitability at its Ghana and South African gold recovery units, driven by higher throughput despite a 16% decline in gold prices during the three months ended June 30, 2026.
Combined operating profit for the quarter reached £3.22 million, up from £1.67 million in the same period a year earlier. Excluding listing and head-office costs, pre-tax profit totaled £3.44 million compared with £766,000 in the prior-year quarter. South Africa contributed £2.61 million to pre-tax profit while Ghana contributed £830,000.
The company maintained capital spending in both regions to support processing capacity and environmental compliance. Gold Recovery Ghana invested £351,000 during the quarter, bringing annual capex to £720,000 for process upgrades and environmental management. Goldplat Recovery in South Africa spent £467,000, with total annual capex of £1.30 million, and held more than 12 months of low-grade material on site for continuous processing.
Cash balances stood at £8.82 million at quarter-end, with current balances near £6.00 million. Management highlighted the renewal of Ghana’s annual environmental permit and gold license as operational milestones, while the Brazilian unit secured its EPA license in April and commissioned spiral equipment during the quarter.
Corporate governance changes included the appointment of Prasad Jayakody as non-board Chief Financial Officer, effective early August 2026, following Brent Doster’s resignation earlier in the year.
Goldplat declared an interim dividend of £400,000, equivalent to 0.23285 pence per share. The dividend is scheduled to be paid on September 15, 2026, with an ex-dividend date of August 27 and a record date of August 28.
