Precious Metals
Goldstone Reports 34% Production Increase at Homase Gold Mine
The mine produced 380 ounces of gold doré in November, exceeding the previous monthly average of 250 ounces. In November, Goldstone also launched operations at the mine’s second shaft, stacking 45,000 tons of ore for processing as part of an ongoing production expansion strategy.
“Our ramp-up at Homase continues at pace and we remain on track to deliver our stated objective of producing 1,000oz pcm from January 2025,” stated Emma Priestley, CEO at Goldstone Resources.
As part of the expansion, the company is also constructing Cells 6 and 7 production and processing facilities and is in discussions with investment firm Blue Gold regarding a loan to support these efforts.
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