Proactiveinvestors United Kingdom Wishbone Gold PLC https://www.proactiveinvestors.co.uk Proactiveinvestors United Kingdom Wishbone Gold PLC RSS feed en Sun, 16 Jun 2019 07:29:15 +0100 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[RNS press release - Notice of EGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190611150137_14106934/ Tue, 11 Jun 2019 15:01:37 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190611150137_14106934/ <![CDATA[News - Wishbone Gold says publication of annual accounts delayed due to revaluation of mineral properties in Australia ]]> https://www.proactiveinvestors.co.uk/companies/news/221444/wishbone-gold-says-publication-of-annual-accounts-delayed-due-to-revaluation-of-mineral-properties-in-australia-221444.html Wishbone Gold PLC (LON:WSBN) has revealed a delay in the publication of its annual accounts due to a requirement from its Australian auditors for a valuation of the group’s mineral properties in Australia.

The AIM and NEX-listed group said this has resulted in an increase in value in the properties which will be fully explained in the accounts when issued.

READ: Wishbone Gold to review options for Honduras gold operation

However, it added, while the issue of its accounts will be within the AIM timetable before the end of June, this exceeds the NEX Exchange Growth Market timetable which requires the accounts to be issued by the end of May.

As a result, Wishbone’s shares will therefore be suspended from trading on NEX until the accounts are issued, although this will not affect trading of the company's shares on AIM.

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Tue, 04 Jun 2019 07:45:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/221444/wishbone-gold-says-publication-of-annual-accounts-delayed-due-to-revaluation-of-mineral-properties-in-australia-221444.html
<![CDATA[RNS press release - NEX Suspension ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190604070003_14096992/ Tue, 04 Jun 2019 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190604070003_14096992/ <![CDATA[RNS press release - Holding in the Company ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190528161746_14089653/ Tue, 28 May 2019 16:17:46 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190528161746_14089653/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190522110602_14083596/ Wed, 22 May 2019 11:06:02 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190522110602_14083596/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190522110043_14083586/ Wed, 22 May 2019 11:00:43 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190522110043_14083586/ <![CDATA[Media files - Wishbone Gold actively looking for acquisitions as it reviews Honduras operations ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/13437/wishbone-gold-actively-looking-for-acquisitions-as-it-reviews-honduras-operations-13437.html Wed, 22 May 2019 08:47:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/13437/wishbone-gold-actively-looking-for-acquisitions-as-it-reviews-honduras-operations-13437.html <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190521164104_14082432/ Tue, 21 May 2019 16:41:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190521164104_14082432/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190521163558_14082424/ Tue, 21 May 2019 16:35:58 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190521163558_14082424/ <![CDATA[News - Wishbone Gold to review options for Honduras gold operation ]]> https://www.proactiveinvestors.co.uk/companies/news/220713/wishbone-gold-to-review-options-for-honduras-gold-operation-220713.html Wishbone Gold PLC (LON:WSBN) told investors it is reviewing strategic options for its Honduras gold operation amid low recoveries.

In a statement, the AIM-listed company said it has been able to make ‘some shipments’ of gold from the Honduras plant and efforts are being made to improve the quality of the feedstock, including tests being conducted.

READ: Wishbone Gold sees opportunities as strategy pays off

Wishbone noted that it has a remaining capital investment of approximately US$250,000 in the operation. The original investment was US$450,000 but $200,000 of that has been recouped from retained gold shipments.

A sale of the company’s stake in the Honduras asset is being considered, as is the possibility of the company taking full control of the joint venture.

Wishbone also said: “Overall gold trading in the first part of the current financial year has seen volumes increasing (particularly in March and April) compared with the same period last year. Margins remain low as a result of competition and only a modest contribution is being made towards Group overheads.”

It added: “The company is focused on growth and expansion is continuing to be examined in Africa and Asia, with new initiatives under negotiation in Hong Kong which could make up for delays with the Honduran project.”

Wishbone said it is also investigating potential acquisitions.

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Tue, 21 May 2019 15:11:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/220713/wishbone-gold-to-review-options-for-honduras-gold-operation-220713.html
<![CDATA[RNS press release - General Trading Update ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190521143117_14082240/ Tue, 21 May 2019 14:31:17 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190521143117_14082240/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190403115203_14027453/ Wed, 03 Apr 2019 11:52:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190403115203_14027453/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190308164106_13996221/ Fri, 08 Mar 2019 16:41:06 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190308164106_13996221/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190308163610_13996212/ Fri, 08 Mar 2019 16:36:10 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190308163610_13996212/ <![CDATA[News - Wishbone Gold sees opportunities across operations as strategy pays off ]]> https://www.proactiveinvestors.co.uk/companies/news/216029/wishbone-gold-sees-opportunities-across-operations-as-strategy-pays-off-216029.html Wishbone Gold PLC (LON:WSBN) is an AIM and NEX-listed firm operating in the precious metals market.

The company is organised into three operating divisions - exploration in Australia, gold trading in the United Arab Emirates and gold production in Honduras.

What Wishbone owns:

The group holds four large scale exploration licences in North Queensland covering over 34,000 acres in an area known for significant mineralisation. These operations include the Wishbone II, II and IV licences and the White Mountain project.

In Honduras, Wishbone has a joint venture with Sion Honduras SA for gold production in the area.

In Thailand, a new entity, Asian Commerce and Commodities Trading (ACCT), has been set up as a joint venture between Wishbone and a local Thai partner with connections to the royal family. This puts the trading element in the country firmly in place. 

The group owns Precious Metals International Ltd and its wholly-owned subsidiary Black Sand FZE.

Based in Dubai, Black Sand FZE trades precious metals and provides capital investments to small and medium scale mines to help improve their cash flow and increase production. The business currently operates in Columbia, Honduras, Chile and Peru.

Inflection points: Wishbone’s Honduran partners, Sion Honduras SA have received a license to operate the plant and equipment on the first Honduran mining and processing site under their joint venture. Now it has obtained the licence, the venture has accelerated production and Wishbone expects to be shipping product to Dubai in the first quarter. Wishbone in December raised £300,000 before expenses through a share placing to support the plan to accelerate production from the newly licensed Honduras gold facility. It followed a £567,000 share placing in October to pay off its equity stand-by facility with financier D-Beta. In 2017, Wishbone's sales almost doubled to US$8.2mln, driven by the expansion of its operations in Africa.  Blue Sky:

With operations in Honduras back on track and costs coming down, Wishbone's margins are set to rise as its reverse integration strategy begins to bear fruit.

Wishbone has said it sees opportunities in all areas of operations, particularly in Central America, Africa and Asia.

“The geographic spread is beginning to provide some resilience to our trading and, as we complete the reverse integration process, supplying expertise and equipment to artisanal miners, this will serve to lock up the supply chain to a greater extent and improve margins,” said chairman and chief executive Richard Poulden.

“With this spread of sources of gold over multiple continents we have a solid trading base for the future."

Investors should look out for a streamlining of debt, firm cash flow, and improving sentiment.

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Thu, 07 Mar 2019 06:05:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/216029/wishbone-gold-sees-opportunities-across-operations-as-strategy-pays-off-216029.html
<![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190228163004_13986005/ Thu, 28 Feb 2019 16:30:04 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190228163004_13986005/ <![CDATA[RNS press release - Exercise of Warrants ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190226144259_13982443/ Tue, 26 Feb 2019 14:42:59 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190226144259_13982443/ <![CDATA[RNS press release - Change of Nominated Adviser ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190207140048_13962198/ Thu, 07 Feb 2019 14:00:48 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190207140048_13962198/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190131142955_13954005/ Thu, 31 Jan 2019 14:29:55 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190131142955_13954005/ <![CDATA[RNS press release - Exercise of Warrants ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190129150520_13950742/ Tue, 29 Jan 2019 15:05:20 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190129150520_13950742/ <![CDATA[RNS press release - Corrections of shares in admission ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190122141229_13943018/ Tue, 22 Jan 2019 14:12:29 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190122141229_13943018/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190118090009_13939492/ Fri, 18 Jan 2019 09:00:09 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190118090009_13939492/ <![CDATA[RNS press release - Exercise of Warrants ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190111070003_13931195/ Fri, 11 Jan 2019 07:00:03 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190111070003_13931195/ <![CDATA[RNS press release - Result of AGM ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190103110809_13922908/ Thu, 03 Jan 2019 11:08:09 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20190103110809_13922908/ <![CDATA[RNS press release - Exercise of warrants ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181231114027_13919469/ Mon, 31 Dec 2018 11:40:27 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181231114027_13919469/ <![CDATA[News - Wishbone Gold gets vote of confidence as Sanderson Capital converts loan into shares ]]> https://www.proactiveinvestors.co.uk/companies/news/211798/wishbone-gold-gets-vote-of-confidence-as-sanderson-capital-converts-loan-into-shares-211798.html Wishbone Gold PLC (LON:WSBN), the precious metals trading and exploration company, said 63% of its loan with Sanderson Capital has been settled through the issue of shares.

The company has issued 207mln shares at an assumed price of 0.1247p each after Sanderson converted £258,500 of the outstanding total Sanderson loan of £407,141 into shares.

READ: Wishbone Gold raises £567,000 to end stand-by facility

The conversion price was determined by the 30-day moving average of the company's share price as determined under the loan agreement.

Sanderson has agreed that it will not sell any of the shares without the permission of Wishbone. Sanderson's intention is to strengthen Wishbone's balance sheet and demonstrate support for the company's strategy, Wishbone said.

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Mon, 31 Dec 2018 07:31:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/211798/wishbone-gold-gets-vote-of-confidence-as-sanderson-capital-converts-loan-into-shares-211798.html
<![CDATA[RNS press release - Conversion of Sanderson Loan ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181231070008_13918731/ Mon, 31 Dec 2018 07:00:08 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181231070008_13918731/ <![CDATA[News - Wishbone Gold rises £300,000.00 via placing to accelerate production from newly licensed Honduras gold facility ]]> https://www.proactiveinvestors.co.uk/companies/news/211634/wishbone-gold-rises-30000000-via-placing-to-accelerate-production-from-newly-licensed-honduras-gold-facility-211634.html Wishbone Gold PLC (LON:WSBN) has raised a total of £300,000.00, before expenses, through a share placing with the proceeds to be used to accelerate production from the newly licensed Honduras gold facility.

The AIM-listed gold trading and exploration company said its company broker, Turner Pope Investments placed 300,000,000 new ordinary shares at a price of 0.1p each.

READ: Wishbone Gold soars as Honduran partner receives license to operate plant and equipment on first mining and processing joint venture site

The company said proceeds will also be used to pursue potential new opportunities and for general working capital purposes.

Wishbone Gold shares soared 60% higher on to 0.16p Wednesday after the firm revealed that its Honduran partners, Sion Honduras SA had received a license to operate the plant and equipment on the first Honduran mining and processing site under the joint venture announced on 31 March 2017.

The group said the site was set up to provide artisanal miners with the correct equipment to process gold-bearing ore and it will significantly boost the recovery of gold for the miners in the region and also eliminate the use of mercury which can be harmful to people and the environment.

The company said it would accelerate production over the coming months and expects to be shipping product to Dubai in the first quarter of next year.

Wishbone shares closed trading on Thursday at 0.12p.

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Fri, 21 Dec 2018 07:36:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/211634/wishbone-gold-rises-30000000-via-placing-to-accelerate-production-from-newly-licensed-honduras-gold-facility-211634.html
<![CDATA[RNS press release - Placing of New Ordinary Shares ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181221070002_13912360/ Fri, 21 Dec 2018 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181221070002_13912360/ <![CDATA[News - Wishbone Gold soars as Honduran partner receives license to operate plant and equipment on first mining and processing joint venture site ]]> https://www.proactiveinvestors.co.uk/companies/news/211501/wishbone-gold-soars-as-honduran-partner-receives-license-to-operate-plant-and-equipment-on-first-mining-and-processing-joint-venture-site-211501.html Wishbone Gold PLC (LON:WSBN) saw its shares soar higher on Wednesday after the firm revealed that its Honduran partners, Sion Honduras SA has received a license to operate the plant and equipment on the first Honduran mining and processing site under the joint venture announced on 31 March 2017.

The AIM-listed gold trading and exploration company said the site was set up to provide artisanal miners with the correct equipment to process gold bearing ore and it will significantly boost the recovery of gold for the miners in the region and also eliminate the use of mercury which can be harmful to people and the environment.

READ: Wishbone Gold hampered by Honduras permit delays, eyes expansion into Zimbabwe

It noted that the project was initially delayed by the weather and then due to licensing issues, which Sion Honduras SA were in charge of obtaining.

With all that now completed, Wishbone Gold said it will accelerate production over the coming months and expects to be shipping product to Dubai in the first quarter of next year.

Wishbone Gold’s chairman Richard Poulden said: "I am pleased that our first plant is licensed and starting production. We are looking forward to producing gold and starting other sites in the future."

In late afternoon trading, Wishbone Gold was the London market's top gainer, with its shares up 60% to 0.16p.

 -- Adds share price --

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Wed, 19 Dec 2018 13:41:00 +0000 https://www.proactiveinvestors.co.uk/companies/news/211501/wishbone-gold-soars-as-honduran-partner-receives-license-to-operate-plant-and-equipment-on-first-mining-and-processing-joint-venture-site-211501.html
<![CDATA[RNS press release - Wishbone and Partners Receive Honduras License ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181219132634_13909969/ Wed, 19 Dec 2018 13:26:34 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181219132634_13909969/ <![CDATA[RNS press release - Notice of Annual General Meeting of Shareholders ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181204070020_13889957/ Tue, 04 Dec 2018 07:00:20 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181204070020_13889957/ <![CDATA[RNS press release - Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181130070002_13886078/ Fri, 30 Nov 2018 07:00:02 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181130070002_13886078/ <![CDATA[RNS press release - Align Research Note ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181119070013_13871064/ Mon, 19 Nov 2018 07:00:13 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181119070013_13871064/ <![CDATA[RNS press release - Issue of New Ordinary Shares & Total Voting Rights ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181031133856_13849808/ Wed, 31 Oct 2018 13:38:56 +0000 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181031133856_13849808/ <![CDATA[RNS press release - Second Price Monitoring Extn ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181022140545_13837711/ Mon, 22 Oct 2018 14:05:45 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181022140545_13837711/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181022140018_13837703/ Mon, 22 Oct 2018 14:00:18 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181022140018_13837703/ <![CDATA[RNS press release - PDMR Disclosure ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181022112726_13837421/ Mon, 22 Oct 2018 11:27:26 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181022112726_13837421/ <![CDATA[RNS press release - Renewed Appointment of Align Research ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181019144808_13836116/ Fri, 19 Oct 2018 14:48:08 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181019144808_13836116/ <![CDATA[News - Wishbone Gold raises £567,000 to end stand-by facility ]]> https://www.proactiveinvestors.co.uk/companies/news/207351/wishbone-gold-raises-567000-to-end-stand-by-facility-207351.html Wishbone Gold PLC (LON:WSBN) has raised £567,000 through a placing to pay off its equity stand-by facility with financier D-Beta.

The agreement was set up in August 2017 and ending the arrangement will see Wishbone pay about £120,000 owed and a final settlement payment of £274,000.

READ: Wishbone Gold hampered by Honduras permit delays, eyes expansion into Zimbabwe

Shares were placed at 0.1p to raise the cash, with subscribers also receiving a warrant exercisable at the issue price.

In addition, directors have agreed to receive shares in lieu of £233,000 fees and expenses owed up until September 2018 at a price of 0.11p per share.

Chairman Richard Poulden’s stake is now 28.1% with other directors owning 5.1% between them.

Wishbone trades gold and supplies equipment and know-how to artisanal miners in Thailand.

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Thu, 18 Oct 2018 08:03:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/207351/wishbone-gold-raises-567000-to-end-stand-by-facility-207351.html
<![CDATA[RNS press release - Capitalisation of amounts owing to Directors & TVR ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181018070008_13833121/ Thu, 18 Oct 2018 07:00:08 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181018070008_13833121/ <![CDATA[RNS press release - Update proposed fundraising and share sale - Amend ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181017180208_13833006/ Wed, 17 Oct 2018 18:02:08 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181017180208_13833006/ <![CDATA[RNS press release - Update on proposed fundraising and share sale ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181017161757_13832888/ Wed, 17 Oct 2018 16:17:57 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181017161757_13832888/ <![CDATA[RNS press release - Proposed termination of equity sharing facility ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181017160420_13832874/ Wed, 17 Oct 2018 16:04:20 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181017160420_13832874/ <![CDATA[RNS press release - Price Monitoring Extension ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181012140032_13827372/ Fri, 12 Oct 2018 14:00:32 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20181012140032_13827372/ <![CDATA[News - Wishbone Gold hampered by Honduras permit delays, eyes expansion into Zimbabwe ]]> https://www.proactiveinvestors.co.uk/companies/news/205968/wishbone-gold-hampered-by-honduras-permit-delays-eyes-expansion-into-zimbabwe-205968.html Delays in getting permits for its Honduras operations held back interim revenues at Wishbone Gold PLC (LON:WSBN).

Wishbone trades gold and also supplies equipment and know-how to artisanal miners in Thailand and potentially Honduras.

READ: Wishbone Gold’s sales continue to rise as business model rolls out

Total sales in the half year to June were US$3.91mln (US$3.977m), with gold processed originating from Thailand and supplemented by African trading.

Volumes were constrained by a shortage of trading capital, Wishbone added, something that is being tackled.

“Gross margins remained thin at 0.91%, an improvement on the same period last year (0.54%), but a slight decline from the last full year (1.02%).“

Working with artisanal/small-scale miners will improve margins, said the company, while Honduras coming on stream will stream 'significantly boost the company's profitability'.

Cash holdings reduced due to the efforts in Africa and also Wishbone's new online gold trading initiative that will be unveiled shortly.

Wishbone says it continues to look at how to expand in Africa and in particular, has been holding discussions in Zimbabwe since the change of government.

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Fri, 28 Sep 2018 10:01:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/205968/wishbone-gold-hampered-by-honduras-permit-delays-eyes-expansion-into-zimbabwe-205968.html
<![CDATA[RNS press release - Interim Results ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20180928070003_13807949/ Fri, 28 Sep 2018 07:00:03 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20180928070003_13807949/ <![CDATA[RNS press release - Wishbone to present at Shares Investor Evening ]]> https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20180706070004_13707916/ Fri, 06 Jul 2018 07:00:04 +0100 https://www.proactiveinvestors.co.uk/companies/rns/3998/LSE20180706070004_13707916/ <![CDATA[Media files - Wishbone Gold Plc looking to expand operations further across Africa ]]> https://www.proactiveinvestors.co.uk/companies/stocktube/9639/wishbone-gold-plc-looking-to-expand-operations-further-across-africa-9639.html Thu, 21 Jun 2018 07:50:00 +0100 https://www.proactiveinvestors.co.uk/companies/stocktube/9639/wishbone-gold-plc-looking-to-expand-operations-further-across-africa-9639.html <![CDATA[News - Wishbone Gold’s sales almost double in the full year to December 2017 ]]> https://www.proactiveinvestors.co.uk/companies/news/199002/wishbone-golds-sales-almost-double-in-the-full-year-to-december-2017-199002.html Sales in the year to December 2017 rose to US$8.2mln for Wishbone Gold PLC (LON:WSBN), up from US$4.2mln in the previous year.  

Administrative costs, excluding interest, were reduced to US$801,691 from US$937,070 in the previous year, despite higher levels of activity.

READ: Wishbone’s artisan trading business rolls out in Thailand

Wishbone Gold held cash of US$256,857 at the period end.

"2017 has been a year of continued growth for the Wishbone Group,” said chief executive Richard Poulden.

“The growth is primarily attributable to the continuing expansion of our operations in Africa. With various initiatives rolling out, and inroads being made in other African nations, I am optimistic about the suitability of our artisanal mining model in the continent. As we look ahead, we see opportunities for 2018 in all our areas of operation, namely Central America, Africa and Asia. With this spread of sources of gold over multiple continents we have a solid trading base for the future."

 

 

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Mon, 18 Jun 2018 07:51:00 +0100 https://www.proactiveinvestors.co.uk/companies/news/199002/wishbone-golds-sales-almost-double-in-the-full-year-to-december-2017-199002.html