Goldstone Resources has reported a notable 34% rise in average monthly production at its Homase Gold Mine, located in the western region of Ghana. In November, the mine produced 380 ounces of gold doré, exceeding its previous monthly average of 250 ounces. This surge in production marks a significant milestone as the company continues to expand its operations at the site.
As part of its strategy to increase output, Goldstone launched operations at the mine’s second shaft in November. The company also stacked 45,000 tons of ore for processing, which will contribute to the ongoing ramp-up in production.
Emma Priestley, CEO of Goldstone Resources, expressed optimism about the company’s progress, stating, “Our ramp-up at Homase continues at pace, and we remain on track to deliver our stated objective of producing 1,000 ounces per month starting in January 2025.”
In addition to the operational advancements, Goldstone is constructing two new production and processing facilities, Cells 6 and 7, to further enhance the mine’s output. To support this expansion, the company is in talks with investment firm Blue Gold about securing a loan.
The continued growth at the Homase Gold Mine is seen as a key step in Goldstone’s efforts to strengthen its position within the Ghanaian gold mining industry, with the goal of achieving more stable and significant production levels in the near future.
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