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."