GoldStone Targets Higher Output from Homase as New Leach Capacity Comes Onstream

Goldstone Resources ( (GB:GRL) ) has provided an update.

GoldStone Resources reported 2025 gold production of 2,912 ounces from its Homase mine in Ghana, generating about US$10 million in revenue despite disruptions from an unusually heavy rainy season and frequent regulatory inspections that constrained mining and stacking rates. The company has completed new screening and conveying infrastructure, is constructing its largest heap leach pad to date, and has restructured its mine plan to prioritise dry-season output, underpinning FY26 guidance of around 4,000 ounces at an all-in sustaining cost of US$2,500–US$2,900 per ounce. GoldStone remains self-funded, has reduced historical creditor balances, expects modest capital expenditure focused on leach pad and processing upgrades, and is investing in community facilities, while board changes and extended loan terms from a major shareholder are intended to support operational stability, cash generation and long-term value creation.

The most recent analyst rating on (GB:GRL) stock is a Hold with a £0.60 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.

The score is primarily held down by weak financial performance—loss-making operations, deteriorating gross margin, negative free cash flow, and higher leverage—despite strong revenue growth. Technicals provide some support (price above key moving averages and positive MACD), but the very high RSI suggests overextended momentum. Valuation offers limited support given the negative P/E and lack of dividend data.

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

More about Goldstone Resources

GoldStone Resources Limited is an AIM-quoted West African gold producer and developer focused on the Akrokeri-Homase project in south-western Ghana. The company’s assets range from grassroots exploration to production and include the Homase Mine, where output is currently concentrated, within the highly prospective Ashanti Gold Belt. Its flagship project hosts a JORC-compliant 602,000-ounce gold resource across a 4km section of the Homase Trend, incorporating Homase North, Homase Pit and Homase South, and builds on a legacy of historic production from former Akrokerri and Homase operations.

Average Trading Volume: 2,364,528

Technical Sentiment Signal: Sell

Current Market Cap: £5.7M

For a thorough assessment of GRL stock, go to TipRanks’ Stock Analysis page.