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Pin to quick picksGoldstone Resources Share News (GRL)

Share Price Information for Goldstone Resources (GRL)

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Share Price: 1.00
Bid: 0.95
Ask: 1.05
Change: -1.15 (-53.49%)
Spread: 0.10 (10.526%)
Open: 1.125
High: 1.125
Low: 0.80
Prev. Close: 2.15
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GoldStone Resources looks to save cash after losses widen

Fri, 30th Aug 2013 11:08

AIM-listed GoldStone Resources will concentrate on conserving its cash in coming months after full year losses widened.The group tapped the market for £359,477 in July and members of the management team have since March agreed to defer 50% of their pay to save money.Given the financial constraints, the company said it had also decided to seek to sell its interest in the Homase/Akrokerri project in GhanaChief Executive Jurie Wessels said: "In the coming months we will continue with cash conservation measures in order to stretch the funds raised in the recent placing and will be doing only essential exploration work at our permits. "By leaving major exploration to joint venture partners such as Randgold and Ferrex and potentially by selling Homase/Akrokerri, we are seeking to add significant value to GoldStone with minimum expenditure."It comes after a challenging period for gold explorers like GoldStone Resources amid the decline in the price of gold.But the company said despite the difficult market conditions it had managed to make significant progress at all of its projects and yielded encouraging drilling results at Sangola, Oyem and Ngoutou.Its losses widened to $6.5m in the year to the end of February from $5.7m in the year previously. Paul Smith at WH Ireland said: "With cash resources limited and a change in market sentiment towards junior gold explorers we have changed our recommendation to Speculative Buy for GoldStone and reduce our target price to 5.0p from 9.7p."Shares in GoldStone were down 11.43% at 1.55p. TB
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27 Jun 2019 16:21

Goldstone Completes Definitive Economic Plan For Akrokeri-Homase

(Alliance News) - Goldstone Resources Ltd on Thursday said it has completed the definitive economic plan for the Akrokeri-Homase gold project in Ghana and submitted it to the Ghanaian Minerals for

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27 Jun 2019 11:50

GoldStone submits definitive economic plan for Akrokeri-Homase project

(Sharecast News) - GoldStone Resources confirmed on Thursday that the results of its definitive economic plan (DEP) at the Akrokeri-Homase Gold Project (AKHM) had now been submitted to the Ghanaian Minerals Commission for review and approval.

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14 Feb 2019 14:14

Goldstone Resources Starts Definitive Economic Plan For Ghana Project

LONDON (Alliance News) - Goldstone Resources Ltd on Thursday said it commenced its definitive economic plan and environmental impact assessment for the Akrokeri-Homase gold project in economic to

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21 Dec 2018 14:30

GoldStone makes progress at Akrokeri-Homase Project

(Sharecast News) - GoldStone Resources updated the market on activities at its Akrokeri-Homase Gold Project in the Ashanti Region of Ghana on Friday, reporting that progress was being made within the area of Akrokeri that hosted the numerous artisanal shafts and pits, where it was making safe the shallow workings, and those that had been accessed were being mapped.

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28 Sep 2018 14:57

Goldstone Resources Loss Widens On Akrokeri-Homase Project Development

LONDON (Alliance News) - Goldstone Resources Ltd on Friday said its loss widened in the first half of 2018 due to administrative expenses associated with its Ghanaian Akrokeri-Homase gold expenses

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27 Sep 2018 15:02

Goldstone Completes Shaft At Ghana Mine, Gains Access To Old Workings

LONDON (Alliance News) - Goldstone Resources Ltd on Thursday said it has completed the Norton Shaft at its Akrokeri Mine in Ghana.The shaft was drilled to its target depth of 33 metres and

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2 Aug 2018 12:48

GoldStone Resources Discovers Visible Gold In Southern Ghana

LONDON (Alliance News) - West Africa-focused gold developer GoldStone Resources Ltd said Thursday it has discovered visible gold as a result of its drilling in the Ashanti region of southern gold

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9 Jul 2018 11:33

GoldStone Says Ghana Supports Redevelopment Of Gold Mines

LONDON (Alliance News) - GoldStone Resources Ltd on Monday noted that Johannesburg-listed AngloGold Ashanti Ltd secured environmental permits for its Obuasi gold mine in Ghana.The company

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3 Feb 2017 12:40

Goldstone Resources finds nine gold targets following drill programme

(ShareCast News) - Goldstone Resources has identified nine targets following an auger drilling programme at its gold mines in Ghana. The AIM-listed miner performed a short shallow auger drilling programme to test areas near an existing JORC Code compliant resource for the Homase-Akrokerri license by

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13 Dec 2016 10:05

Red Rock Sells 1.4 Million Goldstone Resources Shares (ALLISS)

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1 Dec 2016 11:21

Red Rock Shares Rise As Income Begins To Flow From Investments

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29 Nov 2016 11:29

GoldStone Resources Says First Drilling Programme At Homase Completed

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11 Nov 2016 16:29

Stratex International's shares slip after Homase/Akrokerri update

(ShareCast News) - Shares in Stratex International were down more than 2% late on Friday following an update on the Homase/Akrokerri project in Ghana by Goldstone Resources Ltd. Stratex holds a 33.45% stake in Goldstone. The update said reverse-circulation drilling of a 750 metre-long gold-enriched

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11 Nov 2016 07:58

Goldstone Resources' Ghana mine finds gold enrichment in saprolite

(ShareCast News) - AIM-listed Goldstone Resource's recent drilling program at its mine in Ghana found gold enrichment in saprolite. The AIM-listed miner's recent drilling programme comprised 3,000 metres of auger and some 1,500 metres of reverse circulation drilling of the AK02 prospect within the A

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13 Oct 2016 11:05

Goldstone Resources shares fall as employment dispute reported

(ShareCast News) - Shares in AIM-listed miner Goldstone Resources dropped nearly 12% on Thursday morning after it was revealed that a former director made a large cash claim against the company over his termination. The sum sought would be a "significant proportion" of the company's current cash res

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