 is up by 10.63% on Monday, one of the top three performing miners on the AIM.){kind=link}
GoldStone Resources Share Price
The Goldstone Resources share price (LON:GRL) is up by 10.63% on Monday, one of the top three performing companies on the AIM, as the miner gave an operational update in addition to agreements reached with creditors. The jump comes following a sharp dip in the middle of June, and means it is now up by 51.29% since the beginning of the year.
Ghana
Goldstone Resources received approval from the Minerals Commission to begin the irrigation and leaching of ore placed on the heap leach pad at its Homase mine in Ghana.
The AIM-listed company remains on track to achieve the target production of 25,000 ounces of gold for the first eight months of production, with first gold pour expected to occur in the third quarter of this year.
Bond Settlement
The Goldstone Resources share price was also propped up as the company came to an agreement for the settlement of its twenty outstanding unsecured bonds of $50,000 each with the bondholders.
The offer has been accepted by all bondholders, who have agreed to full and final settlement of the bonds in exchange for the issue of, in aggregate, 12,000,000 new ordinary shares of 1p each in the capital of the company, a statement released by Goldstone Resources confirmed on Monday.
Verbal agreement has been received from BCM Investments Limited, which will be allotted its 3,600,000 bond settlement shares immediately following signature of a written Bond Settlement Agreement. Goldstone Resources said it will provide further updates in due course.