Sign up United Kingdom
Proactive Investors - Run By Investors For Investors

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).

View full WSBN profile View Profile

Wishbone Gold PLC Timeline

February 12 2018

Related Articles

lithium in periodic table
July 25 2018
Ironridge has an extensive West African and Australian exploration portfolio
Tertiary Minerals has a unique portfolio of fluorspar assets in Europe and the US
gold bars
August 02 2018
Arc Minerals has significant upside at kalaba in Zambia

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use