Goldstone Resources Share Price
The Goldstone Resources share price has risen steadily over the past 12 months, increasing by over 300%, from 4.45p to 15.5p. The AIM quoted resource development company has risen sharply again today, up 12.27% at mid-afternoon trading.
Operational Update
The reason behind today’s rise was an update released by the company today that will allow production levels to be increased at Homase, a high-grade mining operation located near the Akrikeri town in Ashanti region, Ghana.
The company has said that is focusing on ramping up its mining and production, which has necessitated a temporary rescheduling to the initially planned gold pour, in order to optimize profitability.
The statement by Goldstone Resources added: “We view the ramp-up in production as the best way for the board to realise value for shareholders at Homase. While the company had the means to produce gold this month, the focus on increased output is, in our opinion, the best strategy to add value over the life of mine.”
