🟡 GoldStone Reports Steady Operational Progress at Homase Mine

Aim-listed GoldStone Resources produced 90.6 kg (2,912 oz) of gold at its Homase mine in Ghana for the year ended Dec 31, generating around $10 million revenue at an average realized price of $3,464/oz. All gold produced was sold during the period.

Key Facts:

Total material mined: 744,000 t, including 144,000 t of ore.

Operations impacted by regulatory inspections and heavy rainy season, reducing stacking rates from 36,000 t/month to 14,000 t/month.

New screening and conveying system commissioned, enabling stacking rates up to 56,000 t/month.

Mining focus in 2026: near-surface oxide material from Pit 3; total ore planned: ~250,000 t at ~1 g/t gold.

Heap leach pad capacity expanded: Pad 6 (160 m × 120 m) largest at Homase, enhancing operational flexibility.

Financials: Self-funded since Jan 2023, reduced historical liabilities by $2.5M; AISC expected between $2,500–$2,900/oz for 2026.

Guidance for 2026: Targeting ~4,000 oz gold production, assuming ~68% metallurgical recovery.

Expert Insight:

“Despite heavy rains and regulatory challenges, Homase mine shows improved operational resilience with enhanced heap leach infrastructure and disciplined planning around seasonal conditions,” says CEO Emma Priestley.

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