Goldstone Resources Share Discussion Threads

[goldgeezer] 11/10/2024 21:34

Everything ok at home?

[trader465] 11/10/2024 21:30

Yep guaranteed it’s her home address

[trader465] 11/10/2024 21:28

And another 🤷‍♂;️

[trader465] 11/10/2024 21:26

And another lol

[trader465] 11/10/2024 21:24

Here’s another company registered at presumably Angela List home address

[trader465] 11/10/2024 21:21

It’s easier to fool someone than to convince them they’ve been fooled

[trader465] 11/10/2024 20:49

A friend of mine has a management services company with one office and 6 employees, but his website states offices in over 30 countries and 600 employees.

Can someone throw some light on the gold loan instead of posting engineered stories designed to cover up her corruption?

Let’s have some intelligent views on what’s going on with GRL financing via this drawn out expensive and possibility disastrous gold loan

[bad gateway] 11/10/2024 20:44

Don't put yourself down trader465, you're far more dishonest than she.

[trader465] 11/10/2024 20:42

It’s easy to hide behind African Nominees. Some folk are gullible.

[trader465] 11/10/2024 20:26

Nobody has paid me a penny since I got fired for losing other peoples money way back in 2008.

Much the same as crooked Angie, except I was less dishonest that she.

[bad gateway] 11/10/2024 20:08

3 June 2024 10:33pm
The Chief Executive Officer (CEO) of Nguvu Mining Limited and Adamus Resources, Angela List, was named as the Female CEO of the Year in Ghana’s Mining Industry at the 8th Ghana CEO Summit and Excellence Awards.



The award recognised Ms. List's outstanding leadership, innovation, and commitment to sustainable practices within the mining industry.

This year’s event was on the theme “Reigniting Business and Economic Growth: Charting a Path Forward; Economic Diversification and Artificial Intelligence Transformation”;.

Ms. List's vision and dedication have been instrumental in driving Nguvu Mining's growth, and expansion and focus on social responsibility and environmental sustainability.

The award is a testament to her hard work, passion, and the collective efforts of the entire Nguvu Mining team.


She ascribed the prestigious award to the staff and management of indigenous Ghanaian companies – Nguvu Mining Ltd. and Adamus Resources, for their unwavering support, hard work and commitment over the years.

The ceremony also provided an avenue for discussion on Ghana and West Africa’s economic transformation and the essential role of both private and public sectors as well as recognised individuals who exemplified business excellence, leadership, and vision.

The event, saw several CEOs, business leaders, and executives in private and public sectors being awarded for their contributions in their respective various fields.

Organised by the CEO Network Ghana, the CEO Summit is a high-profile annual business leadership forum that attracts industry leaders, chief executives, policymakers, and investors and it is committed to unlocking the country’s potential by championing private sector-led growth and leading discussions around innovative public policies and best growth-oriented business practices.

Former President John Dramani Mahama was in attendance, whereas the Vice President, Dr Mahamudu Bawumia, joined the discussions online.

[totally banjo] 11/10/2024 19:59

Getting paid overtime tonight trader! :-)

[trader465] 11/10/2024 19:32

totallybanjo - can you explain the above?

[totally banjo] 11/10/2024 18:51

From the Interim Results for the six months ended 30 June 2024 (30 September 2024)

HIGHLIGHTS

Ramping up gold production at Homase Mine:

. Produced 1,333.81 ounces of gold in H1 2024.

· Significant infrastructure upgrades have enhanced long-term capacity.

· Focus on delivering gold production target of 1,000 ounces of doré a month from January 2025.



Continued to strengthen position in H1 2024:

· Recovery supported by additional funding and the deferral of a secured gold loan repayment to December 2025 and a successful fundraising initiative.

· Board strengthened with the appointment of Campbell Smyth, who brings over 30 years of experience in fund management, capital markets, and corporate finance.

· Ramp-up in production comes at an opportune time as the gold market continues to show resilience and strength.



CHIEF EXECUTIVE'S STATEMENT



I am pleased to report that GoldStone has made significant progress in advancing its gold projects in Ghana, which span the full development spectrum from exploration to production.



Our primary focus remains the production from, and exploration of, the Homase Mine, located within the highly promising Ashanti Gold Belt. While 2023 brought its challenges, particularly in meeting production targets, we have emerged in 2024 in a much stronger position. This recovery has been supported by the deferral of our secured gold loan repayment to December 2025 and a successful fundraising initiative.



At the producing Homase Mine, significant infrastructure upgrades have been implemented, enhancing the mine's long-term capacity. Accordingly, I am pleased to report that H1 2024, we produced 1,333.81 ounces of gold (2023: 124.80). Post period end, the Company has continued to produce approximately 250 troy ounces per month, with latest full month production in August 2024 being 236 ounces of doré.



Our optimisation strategy at Homase continues to progress well as we look to deliver 48,000 tonnes of stacked and agglomerated ore by the end of the year. The Company is currently stacking some 150tph on a single 12 hour shift , and towards the end of 2024, will be running two shifts, for a 24 hour operation, as we build up to 48,000 tpcm, which is expected to facilitate production of approximately 1,000 oz doré per month from the beginning of 2025, based on the current recovery rate of 68% and at a stacked grade of 1g/t.



The strategy also includes the development of additional heap leach pads, which are on track and within budget; Pad 5 was completed post period end, and earthworks for Pads 6 and 7 are underway.



A key pillar of the Company's strategy is to add additional gold resources to our portfolio. In line with this, we will continue exploration efforts along the Homase Trend, that will include core infill drilling to explore the deeper ore zones of Homase, and further explore the parallel zones that have been identified within the mining lease as announced on 8 July 2024. The Company does plan for further exploration programmes within the prospecting licences of Akrokeri and Homase, which enclose the Homase Mine, that includes the recent consolidation and review of all the historical data, at the former Akrokeri Underground Mine and its surrounding areas and develop other underexplored areas that hold potential for further mineral discoveries.



During the period, Bill Trew stepped down from the Board and Campbell Smyth has joined as a Non-Executive Director. Campbell brings over 30 years of experience in fund management, capital markets, and corporate finance, particularly within the venture capital and resource sectors.



Looking ahead, we are optimistic about GoldStone's growth prospects in the years to come as we improve both production and exploration at the Akrokeri-Homase project and unlock its full potential. Notably, our production ramp-up aligns with a gold market that continues to demonstrate remarkable resilience and strength, supported by diverse factors driving its long-term success.



The Board would like to thank shareholders for their continued support as we work towards fully realising the value of our assets and delivering long-term shareholder returns.

[trader465] 11/10/2024 18:47

Bye 👋

Best to bury your head in the sand, and don’t be peeping at my posts again, there’s a good girl 👍

[trader465] 11/10/2024 16:59

Goldgirl - educate me, explain to me where the $10m has gone?

[goldgeezer] 11/10/2024 16:51

I won't filter you as it's enjoyable to read your posts. I'll not respond though. Have a good weekend.