Investments and investor services
FTSE 100 buoyed by banks
It was a stress-free day for the bulls as the banks bounced higher after the results of the Bank of England's stress tests
Company
LON:GRL
GoldStone’s primary focus is to recommence gold production at Akrokeri-Homase Project (AKHM) within 2 years. The project contains two historic gold mines: the high-grade 24g/t (recovered grade) Akrokeri Mine and the Homase Open Pit, a shallow 2.85g/t oxide deposit. GoldStone has acquired extensive exploration and development work due to the activities of the former operators and the intention is to reopen the Akrokeri mine and extend the Homase open pit with the goal of reaching production in as short a timeframe as practicable. The Board believe that once the AKHM Project is in production, this will provide a foundation on which to rapidly build a mid-tier mining company. From this, the Company will look at other commodities if there is a strategic fit geographically or financially.
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Investments and investor services
It was a stress-free day for the bulls as the banks bounced higher after the results of the Bank of England's stress tests
The FTSE 100 Index increased 32.8 points to 6388.89 at lunchtime
Shares soared by more than a third but are still down sharply year-to-date
Investments and investor services
Below are the main news-driven share price movements at 1pm.
Recent pitting and auguring programmes at Homase/Akrokerri identified several high priority, high prospectivity targets.
Investments and investor services
Below are the main news-driven share price movements at 4pm.
Stratex’s joint venture partner Bahar Madencilik has now confirmed that production at the Altintepe gold mine in Turkey is due to commence in September.
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A busy news day included releases from oilers and tech firms.
The explorer received £1.25mln when fellow gold junior Stratex International (LON:STI) took a 33.45% stake last year.
Stake in Homase deposit to rise to 90% from 65%.
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