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Pin to quick picksWishbone Share News (WSBN)

Share Price Information for Wishbone (WSBN)

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Share Price: 1.15
Bid: 1.10
Ask: 1.20
Change: 0.00 (0.00%)
Spread: 0.10 (9.091%)
Open: 1.15
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Low: 1.15
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Wishbone Gold Shares Drop As Interim Loss Widens And Sales Dip

Fri, 28th Sep 2018 11:42

LONDON (Alliance News) - Shares plunged in Wishbone Gold on Friday as it reported a widened loss and lower revenue for the first half of 2018 due to constrained volumes and the company expanding its presence in Africa.

Shares in the precious metals company dropped 16% to 0.18 pence on Friday.

For the six months to the end of June, Wishbone's pretax loss widened to USD527,428 from USD331,035 the year before due to higher administration expenses, as well as one-off finance costs.

Sales dipped to USD3.9 million from USD4.0 million, due to volumes being constrained by a shortage of trading capital.

There were also delays in its Honduras operation coming online due to the failure of Wishbone's partners in obtaining the correct licenses. Wishbone now expects the operation to be on stream by the end of 2018, and is expected to boost the company's profitability with its output.

"The major changes in the last few months are moving Honduras to final completion and continued expansion in Africa. The move to a stable government in Zimbabwe is particularly significant as we have been in discussions there since before the elections. We will make announcements shortly," Wishbone said in a statement.

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15 Mar 2024 14:43

Wishbone Gold reports positive results from Cottesloe drilling

(Sharecast News) - Wishbone Gold unveiled encouraging results from its ongoing diamond drilling at the Cottesloe Project on Friday, a venture it wholly owns.

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15 Mar 2024 11:16

Wishbone Gold reveals "spectacular" results at Cottesloe site

(Alliance News) - Wishbone Gold PLC announced on Friday that initial results from its Cottesloe site in Western Australia "has highlighted significant mineralisation potential."

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15 Mar 2024 10:07

AIM WINNERS & LOSERS: Wishbone Gold jumps on "positive drilling"

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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15 Mar 2024 08:43

LONDON MARKET OPEN: FTSE 100 treads water; buyback boosts Vodafone

(Alliance News) - Stock prices in London opened in a muted fashion on Friday, as a hotter-than-expected US producer price reading stifled risk appetite, with focus beginning to move to interest rate decisions from the Federal Reserve and Bank of England next week.

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2 Feb 2024 16:50

Wishbone Gold raises £0.3m in 'top-up' placing

(Sharecast News) - Wishbone Gold announced on Friday that it has successfully raised £0.3m in funding from a corporate investor, selling 25 million new shares for 1.2p each.

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2 Feb 2024 11:14

IN BRIEF: Wishbone up after fundraise for "exciting" Pilbara project

Wishbone Gold PLC - Gibraltar-based, Australia-focused mining company - Raises GBP300,000 from a single, unnamed corporate investor through the issue of 25.0 million shares at a price of 1.2p. Wishbone expects the new shares to be admitted to trading on AIM and AQSE on February 8. Wishbone says that the "top-up" placing will allow the company to initiate operations at Mosquito Creek in the Pilbara region of Western Australia. In December, Wishbone exercised its exclusive option to acquire the Crescent East lithium and gold project, located within Mosquito Creek. Due diligence at the site revealed "significant gold nuggets" of up to 78.5 ounces, and historical chip results at Mosquito include 117 grammes of gold per tonne of ore.

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19 Dec 2023 19:45

IN BRIEF: Wishbone Gold confirms presence of gold in Australian field

Wishbone Gold PLC - Gibraltar-based, Australia-focused mining company - Completes its due diligence on the Crescent East lithium and gold project located in Western Australia. Says geologists confirm the presence of significant gold nuggets on and within the Crescent East tenement package. Adds option to acquire 100% of the tenements, as announced on November 22, will now be exercised. Chair Richard Poulden says: "We are pleased to have exercised the option on the Crescent East project, and we will continue to secure more land in the highly sort after Pilbara area to cement Wishbone's future as a growing player in this exciting area. To have found gold and possible lithium structures before exploration has started is extremely promising."

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13 Dec 2023 14:22

Wishbone confirms visual results from Cottesloe drilling

(Sharecast News) - Wishbone Gold updated the market on its ongoing diamond drill programme on Wednesday at the Cottesloe project in the Paterson Range of Western Australia.

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13 Dec 2023 11:51

Wishbone Gold receives "encouraging visual results" at Cottesloe site

(Alliance News) - Wishbone Gold PLC on Wednesday hailed results from drilling at its Cottesloe project in Western Australia.

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4 Dec 2023 10:46

IN BRIEF: Wishbone Gold celebrates new Red Setter mineralisation

Wishbone Gold PLC - Gibraltar-based, Australia-focused mining company - Says updated results of exploration programme and modelling efforts at its Red Setter prospect, in the Paterson Range in Western Australia, confirm a significant gold system with a mineralised strike over 3 kilometres. Mineralisation includes 18 metres at 0.49 grams per tonne, 14 metres at 1.0 g/t and 25 metres at 0.28 g/t. Company has completed first stage of drilling six holes to target depths of between 400 metres and 500 metres. Expects the second of drilling, completing the holes to their final target depth with a diamond drill rig, to take place in 2024.

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22 Nov 2023 16:56

EARNINGS AND TRADING UPDATES: Wishbone Gold celebrates project buy

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Wednesday and not separately reported by Alliance News:

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13 Nov 2023 16:43

TRADING UPDATES: PCI-PAL picked by Zoom; Biome in project delays

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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8 Nov 2023 11:48

IN BRIEF: Wishbone Gold starts diamond drilling at Cottesloe

Wishbone Gold PLC - Australia-focused mining company - Starts diamond drilling at its Cottesloe project in the Paterson Range province of Western Australia. Rotary air blast and reverse circulation drilling has previously confirmed extensive anomalies in the oxidised zone, with anomalous zones extending up to 34 metres and the highest grades including 0.25% copper and 4.6% lead.

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6 Nov 2023 14:52

Wishbone Gold director elected as Lord Mayor of the City of London

(Alliance News) - Wishbone Gold PLC on Monday celebrated its non-executive director Michael Mainelli's appointment as the 695th Lord Mayor of the City of London.

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2 Nov 2023 14:18

TRADING UPDATES: Pyx premium zircon production up in third quarter

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Thursday and not separately reported by Alliance News:

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