Goldstone Resources Ramps Up Production at Homase Mine
Why we think this is good
The RNS indicates that Goldstone Resources' Homase Mine in Ghana is continuing to ramp up production, with a 14% monthly increase in gold doré poured. This is a positive development, though the lack of financial and cost details limits the ability to fully assess the performance of the operation.
Key Points
- 14% monthly increase in gold doré poured
- Maintaining average 48,000 tonnes of agglomerated stacked ore per month
- Preparatory work underway for Pit 1 expansion with expected higher grades
- Ongoing development of additional heap leach capacity
Summary
Goldstone Resources Limited (AIM: GRL) has provided an update on its Homase Mine and heap leach operation in south-western Ghana. The company achieved another increase in production, with 18.629 kilograms of gold doré, equivalent to approximately 598.9 ounces of gold doré poured as at 24 March 2025, a 14% monthly increase. The operation maintains the average 48,000 tonnes of agglomerated stacked ore per month, with mining operations and heap leach processing targets on track. Preparatory work continues for the expansion of Pit 1, with expected grades of 1-1.2 g/t, which along with increased stacking and the continued improvement in leach kinetic rates is expected to facilitate the achievement of production targets over the coming months.