Goldplat (GDP): Ghana by-product export decree
This situation live
GDP Goldplat
14 Nov 2025 · Local beneficiation model being adapted · −1% until the next step
As a result of the business model changes announced previously, GRG is currently the only local gold by-product beneficiation provider in Ghana.
15 Dec 2025 · Business model changed; extra on-site plant needed · +26% until the next step
during the current period the Ghanian operation went through a change in business model to address the preference of the authorities in Ghana being on local beneficiation of concentrate requiring addi
10 Feb 2026 · Beneficiation rule still affecting all aspects; £700k plant investment planned · +10% until the next step
The local Ghana beneficiation requirement has impacted all aspects of our business, and we continue to review, update and change our process and procedures to manage risks and maximize margins.
18 Mar 2026 · Beneficiation rule still affecting all aspects · +21% until the next step
The local Ghana beneficiation requirement has impacted all aspects of our business, and we continue to review, update and change our process and procedures to manage risks and maximize margins.
20 May 2026 · Beneficiation rule still affecting all aspects; plant upgrade under way · +12% until the next step
The local Ghana beneficiation requirement has impacted all aspects of our business, and we continue to review, update and align our process and procedures to manage risks and maximize margins.
19 Aug 2026 · Permit and licence renewed; upgrade spend done · +27% since
Our annual environmental permit and gold license has been renewed.
Ghana by-product export decree
Permit and licence renewed; upgrade spend done
Next: Plant upgrade benefits during FY2027
Every step · 6
- 14 Nov 2025 Local beneficiation model being adapted – As a result of the business model changes announced previously, GRG is currently the only local gold by-product beneficiation provider in Ghana. ↗
- 15 Dec 2025 Business model changed; extra on-site plant needed – during the current period the Ghanian operation went through a change in business model to address the preference of the authorities in Ghana being on local... ↗
- 10 Feb 2026 Beneficiation rule still affecting all aspects; £700k plant investment planned – The local Ghana beneficiation requirement has impacted all aspects of our business, and we continue to review, update and change our process and procedures... ↗
- 18 Mar 2026 Beneficiation rule still affecting all aspects – The local Ghana beneficiation requirement has impacted all aspects of our business, and we continue to review, update and change our process and procedures... ↗
- 20 May 2026 Beneficiation rule still affecting all aspects; plant upgrade under way – The local Ghana beneficiation requirement has impacted all aspects of our business, and we continue to review, update and align our process and procedures... ↗
- 19 Aug 2026 Permit and licence renewed; upgrade spend done – Our annual environmental permit and gold license has been renewed. ↗
What is happening
Goldplat: Ghana by-product export decree – Permit and licence renewed; upgrade spend done. ['Permit and licence renewed; upgrade spend done']
- In short
- Ghana's local beneficiation requirement changed the business model and still affects every aspect of the business. The annual environmental permit and gold licence were renewed. Q4 Ghana profit before tax rose to £830k from £164k, and plant capital spend reached £720k for the year, intended to lift recoveries in FY2027.
- Announced
- 14 Nov 2025 · Local beneficiation model being adapted
- Latest
- 19 Aug 2026 · Permit and licence renewed; upgrade spend done
- Ghana operating profit
- £1,259,000 in H1 2025 vs £2,153,000 in H1 2024
- Ghana revenue
- £16,746,000 vs £18,614,000
- Q3 Ghana PBT
- £806,000 vs £784,000 in FY Q3 2025
- Plant investment
- £700,000 planned, £374,000 incurred, to improve recoveries and environmental management
- Permit and licence
- Annual environmental permit and gold licence renewed
- Q4 Ghana PBT
- £830,000 vs £164,000 in FY Q4 2025
- Capital spend
- £351k in Q4, £720k for the year, to improve processes, recoveries and environmental management
- Beneficiation rule
- Impacts all aspects of the business; processes under review to maximise margins
What comes next
Plant upgrade benefits during FY2027.
From the company's own announcements. Not investment advice.
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Capital returnSpecial dividend – proposed
Project milestonesTSF retreatment and pipeline – Pipeline work, water licence, geotechnical studies pending
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