GGM
GGM
GGM - Goliath Gold Mining Limited - Trading Statement
GOLIATH GOLD MINING LIMITED
(Formerly White Water Resources Limited)
Incorporated in the Republic of South Africa
(Registration number 1933/004523/06)
Share code: GGM ISIN: ZAE000154753
("Goliath Gold" or "the Company")
TRADING STATEMENT
In terms of the Listings Requirements of JSE Limited, companies are required
to publish a trading statement as soon as they become reasonably certain that
the financial results for the period to be reported on will differ by more
than 20% from that of the previous corresponding period.
Accordingly, a review of the financial results for the year ended 31 March
2011 by management has indicated that the loss per share and headline loss
per share is expected to be between 1.6 cents and 1.7 cents, compared to the
loss per share and headline loss per share of 0.1 cents before restatement
and 0.5 cents after restatement for the year ended 31 March 2010.
The Company previously capitalised exploration and evaluation costs to
property, plant and equipment or intangible assets. Due to a change in
accounting policy, these costs are now expensed in profit or loss, and the
financial results for the year ended 31 March 2010 have therefore been
restated accordingly.
The financial information on which this trading statement is based has not
been reviewed or reported on by the Company`s auditors. Goliath Gold`s
financial results are expected to be released on SENS on or about 27 June
2011.
Johannesburg
23 June 2011
Sponsor
Merchantec Capital
Date: 23/06/2011 13:42:01 Produced by the JSE SENS Department.
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