GoldStone Resources Advances Homase Mine Operations

Goldstone Resources ( (GB:GRL) ) just unveiled an update.

GoldStone Resources Limited has reported progress at its Homase Mine in Ghana, with a recent gold pour of approximately 355.6 ounces. The company is advancing its heap leach expansion, with civil engineering designs completed and materials ordered. GoldStone is maintaining its production goals, focusing on delivering 48,000 tonnes of ore per month and sustaining its production profile through 2025.

The most recent analyst rating on (GB:GRL) stock is a Hold with a £0.50 price target. To see the full list of analyst forecasts on Goldstone Resources stock, see the GB:GRL Stock Forecast page.

Spark’s Take on GB:GRL Stock

According to Spark, TipRanks’ AI Analyst, GB:GRL is a Neutral.

Goldstone Resources’ overall stock score is primarily influenced by its financial performance challenges, including negative profitability and cash flow issues. The technical analysis indicates a bearish trend, further weighing on the score. While recent corporate events show operational improvements, concerns about board changes and confidentiality breaches add risk. The valuation metrics reflect the company’s financial difficulties, contributing to a lower overall score.

To see Spark’s full report on GB:GRL stock, click here.

More about Goldstone Resources

GoldStone Resources Limited is an AIM-quoted mining and development company with projects in Ghana, focusing on the Akrokeri-Homase project in south-western Ghana. The company is involved in both exploration and production, with a significant gold resource in the Homase Trend. GoldStone aims to expand its portfolio of high-quality gold projects, particularly in the Ashanti Gold Belt.

Average Trading Volume: 8,869,639

Technical Sentiment Signal: Sell

Current Market Cap: £3.8M

Find detailed analytics on GRL stock on TipRanks’ Stock Analysis page.