Goliath Gold moves into the black

Goliath Gold Mining moved in to the black, with headline earnfind used jaw crushers for sale in rsaings per share of 0.6 cents for the nine months ended December 2011 after a loss of 1.6 cents previously, after taking into account the 10 for 1 share consolidation in May 2011.

If the share consolidation had taken place at the end of March 2011, the headline and diluted headline earnings per share would have been 15.7 cents, gold focused development company said. During the nine month period, the net profit of the group was R1 million, compared to a net loss for the year ended March 2011 of R6.1 million. The profit arose mainly as a result of the sale of financial assets held for trading, fair value adjustments on investment properties and financial assets held for trading as well as a reduction in operating expenses since Gold One International took over management of the group. The basic and diluted EPS was 2.3 cents for the nine months, after taking into account the 10 for 1 share consolidation in May 2011, compared to a basic and diluted...