GoldStone and Randgold fall on drilling results
18th Feb 2014 10:47
Shares in AIM-listed exploration company GoldStone plunged 15 per cent on Tuesday morning after the group said results from the drilling programme on the Baraboye and Ibel prospects did not justify an immediate follow-up programme. GoldStone, which partnered Randgold Resources on the project, said
Read moreGoldstone Resources needs more funds for Gabon
20th Nov 2013 10:33
West and Central Africa-focused gold miner Goldstone Resources said it will need more funding for its Gabon projects despite reducing half year losses, hitting its shares. Goldstone reported encouraging drilling results at its Oyem and Ngoutou licences in Gabon, which it said both have potential fo
Read moreGoldstone Resources places 33.33m shares
23rd Sep 2013 13:49
GoldStone, an AIM-listed exploration company focused on gold in West Africa, has carried out a share placing to raise funds that will allow it to further investigate the Manso Amenfi project. The placing has raised £0.5m before expenses after placing 33.33m shares at 1.5p each. GoldStone has a j
Read moreGoldStone Resources looks to save cash after losses widen
30th Aug 2013 11:08
AIM-listed GoldStone Resources will concentrate on conserving its cash in coming months after full year losses widened. The group tapped the market for £359,477 in July and members of the management team have since March agreed to defer 50% of their pay to save money. Given the financial constrain
Read moreFriday broker round-up UPDATE
30th Aug 2013 09:27
Antofagasta: Morgan Stanley cuts target price from 830p to 810p and maintains an underweight rating. ARM Holdings: Deutsche Bank raises target price from 470p to 1080p upgrading to buy. Aviva: Barcalys increases target price from 294.50p to 320p, while its underweight rating remains unaltered. Bw
Read moreGoldStone Resources and Randgold Resources join forces
8th Apr 2013 12:03
GoldStone Resources has joined forces with Randgold Resources for the exploration of the Sangola gold project in Senegal. As part of the joint venture agreement, Randgold will hold 51% of the project and GoldStone will own 49%. Randgold will fund all costs up to and including the completion of a
Read moreGoldstone Resources strikes gold in first round of drilling in Gabon
18th Dec 2012 08:00
GoldStone Resources, the AIM-listed company focused on gold exploration in West and Central Africa, has published the first drill results for its Oyem Project in Gabon. The company revealed that gold had been identified in first round of drilling and initial interpretation suggested that the first
Read moreResource round-up: Weatherly Int, Mercom, Goldstone Resources, Continental Coal
22nd Nov 2012 15:27
Aim-listed copper mining producer Weatherly International said it is to reopen the Old Matchless mine in Namibia, allowing the company to double production in the area. Production at the mine, which closed in 1983 and sits around 2km east of current mining operations, is expected to start within 13
Read moreThursday broker round-up UPDATE
22nd Nov 2012 07:19
Alternative Networks: Westhouse Securities downgrades from buy to add, target price of 280p kept. Babcock International: UBS downgrades from buy to neutral. Barr (AG): N+1 Singer raises target price from 402p to 525p and upgrades to buy. Belvoir Lettings: Seymour Pierce raises target price from 9
Read moreResources round-up: President Energy, GoldStone, Forte Energy
13th Nov 2012 14:05
Oil and gas group President Energy has declared itself pleased with operational progress in Paraguay, but things have been moving more slowly than hoped in Argentina, though the company ascribed this to prudence rather than technical issues, where the results of the pressure tests at the Argentinian
Read moreM&A round-up: Terrace Hill, Plus Markets, Sweett ...
19th Sep 2012 15:15
Terrace Hill Group, a leading UK property development and investment group, has announced the conditional acquisition of a foodstore and residential development site in Midsomer Norton, Somerset, and reported good progress with three other foodstore developments around the country. The acquisition w
Read moreResources round-up: Metminco, Sable Mining, Mediterranean Oil & Gas
1st Aug 2012 14:15
Metminco said it had made significant progress during the three months to June at Los Calatos in Peru, and Mollacas in Chile. It said conceptual mining studies at the sites had taken the firm closer to mine development and, ultimately, copper production. Shares rose 4% at Sable Mining after the com
Read moreResources round-up: Highland Gold, Rialto, Chaarat...
12th Jul 2012 11:50
Highland Gold Mining has completed its acquistion of Klen, which holds the mining and exploration rights to the Klen gold deposit and the adjacent Verkhne-Krichalskaya property located in the Chukotka autonomous region in north-eastern Russia. The company is planning to mine the deposit by open pit
Read moreResources round-up: Goldstone, Caza, Anglo Asian Mining...
7th Jun 2012 11:59
Exploration company Goldstone has confirmed the wide depth extension of its gold resource at Homase/Akrokerri in West and Central Africa after 46 holes were drilled, totalling 13,200 metres. Included in these, one hole intersected gold mineralisation of 15.7m at 1.4 g/t including 4.5m at 3.3 g/t, wh
Read moreGoldStone is encouraged by analyses at Sangola and Manso
20th May 2011 12:41
AIM-quoted South African exploration company GoldStone Resources has today published the first results of analyses undertaken at two of its key exploration sites; these are the Sangola Permit, in Senegal, and the Manso Amenfi Permit, in Ghana. In the case of Sangola, and amongst other features, su
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