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Goldstone nears 1 000 oz a month production rate at Homase

Unrefined gold

Photo by Bloomberg

15th January 2025

By: Marleny Arnoldi

Deputy Editor Online

     

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Aim-listed Goldstone Resources is maintaining an ore stack rate of 48 000 t a month at the Homase mine, in Ghana, as production ramps up.

The company poured 416 oz of gold in December, with production on track to reach a rate of 1 000 oz a month during the first quarter of this year.

Goldstone says it continues to focus on civil engineering on the construction for Cells 6 and 7, which is part of the planned production ramp-up throughout this year.

Overall, the Akrokeri-Homase project hosts a 602 000 oz gold resource grading 1.77 g/t on average. The existing resource is confined to a 4 km zone of the Homase Trend and includes the Homase North, Pit and South deposits.

The project hosts two former mines which produced 75 000 oz of gold grading 24 g/t recovered in the early 1900s. The Homase pit, which AngloGold Ashanti developed in 2002, produced 52 000 oz of gold at a grade of 2.5 g/t recovered.

While its focus is currently on the Homase mine, Goldstone plans to build a portfolio of high-quality projects in Ghana with a particular focus on the Ashanti Gold Belt.

 

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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