GoldStone Resources Limited (LSE:GRL) has reported continued progress at its Homase Mine in Ghana, with a recent gold pour totaling around 355.6 ounces. The company is moving ahead with its heap leach expansion, having finalized civil engineering designs and ordered key materials. GoldStone remains focused on achieving its production target of 48,000 tonnes of ore per month, aiming to sustain its output levels through 2025.
The company’s outlook remains clouded by financial pressures, including ongoing profitability and cash flow challenges. Technical indicators point to a bearish trend, weighing further on sentiment. Although recent operational milestones reflect improvement, risks tied to boardroom changes and confidentiality issues continue to create uncertainty. Valuation metrics also mirror these difficulties, contributing to a more cautious overall assessment.
About GoldStone Resources
GoldStone Resources Limited is a mining and development company listed on AIM, with operations in Ghana. Its primary focus is the Akrokeri-Homase project in the Ashanti Gold Belt, a region with a strong history of gold production. The company is engaged in both exploration and active mining, with the goal of expanding its portfolio of high-quality gold assets across the Homase Trend and surrounding areas.
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