GoldStone Resources Shares Rise After First Gold Pour, Mining Resumption at Ghana Site – MarketWatch
By Kyle Morris
Shares in GoldStone Resources Ltd. rose in early trading on Tuesday after the company said it has completed the first commercial gold pour at the Homase Mine in Ghana’s Ashanti Gold Belt.
The London-listed miner said it will restart mining at the site following the production halt announced Sept. 17 and it will update the market with a revised production schedule in due course.
The production enables the company to meet the interest-payment demands for its secured loan, it said.
“Now that we have managed to successfully complete the transition into a gold producer, we will focus our efforts on ramping up the project to full operations as efficiently as possible, by continuing ramp-up of stacking to the heap leach and optimization of the processing plant,” Chief Executive Officer Emma Priestley said.
Shares at 0827 GMT were up 1.63 pence, or 13%, at 13.88 pence.
Write to Kyle Morris at kyle.morris@dowjones.com
