The boost comes as the recovery operations continue to perform well and the Kilimapesa gold mine showed major improvements, despite production stoppages during the election period, and reduced substantial historical losses to near break-even.
There was an expected slight drop-off at Gold Recovery Ghana, which had performed exceptionally well during the six months ended 31 December 2016, and reported lower profits in-line with forecast, not having the benefit during this period of the large clean-up performed for a major producer during 2016.
However, exchange rate fluctuations, especially on intercompany loans and receivables, took some of the shine off.
Production of gold and gold equivalents for the six months' period under review came in at 20,246 ounces.
Goldplat has maintained a healthy cash reserve of £918,000, even after the repayment of interest bearing borrowings of £505,000 and the investment of £800,000 in precious metals raw materials stockpiles.
Capital expenditure of £1,009,000 for the period was primarily spent on the expansion of operations in Ghana by way of the installation of an elution plant, with capital expenditure in South Africa and Kenya substantially completed for the foreseeable future.
Meanwhile, Goldplat and Rand Refinery have reached full and final settlement in the dispute between the two companies.