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Wishbone Gold on track to meet shipping targets

"Currently we are shipping gold from Ghana and Peru. We are on track to meet our year end target of shipping 100 kilos per week," it said.
Wishbone Gold on track to meet shipping targets
Wishbone moved into precious metal trading via an acquisition in February

Wishbone Gold PLC (LON:WSBN), which moved into precious metal trading through its purchase of Precious Metals International (PMI) in February,  said it had  now signed supply agreements with companies in Peru, Ghana, Chile and Colombia.

It came as the firm posted results for the six months to end June.

"Currently we are shipping gold from Ghana and Peru. We are on track to meet our year end target of shipping 100 kilos per week," it said, adding it was negotiating with further suppliers in these and other countries.

Wishbone raised funding for gold trading to begin at the beginning of June, therefore these results contain no trading figures.

The loss before tax was narrowed to around $185,000 compared to a loss of $500,000 last year. Cash in the bank was around $418,000 (2015: $108,000).

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