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Goldstone Resources on Friday provided an operational and exploration update, sending shares upwards.
Shares in the West Africa-focused gold explorer were up 31% to 10.44 pence each in London late Friday morning. The stock remains down 6.0% over the past 12 months.
At its gold production mine in Homase, Ghana, Goldstone produced and sold 1,717 troy ounces of gold to date, the Jersey-registered company said. Gold production began this year.
The average price realised was $1,907 per ounces, the company added.
For 2022, Goldstone targets the production of 20,000 ounces of gold, planning to ramp up its exploration within the Homase and Akrokeri licenses.
Meanwhile, diamond drilling is set to commence around the Akrokeri underground mine during this month.
‘Looking forward to the longer-term delivery of our growth objectives, Akrokeri remains a key pillar of our strategy with a drill and trench programme finally underway, we look forward to developing the exploration in the coming weeks,’ Chief Executive Officer Emma Priestley commented.
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