29th Jun 2016 10:06
LONDON (Alliance News) - Goldstone Resources Ltd on Wednesday said it will continue to focus on extracting value from its asset portfolio as its pretax loss slightly widened in 2015.
Goldstone Chairman Christopher Hall said the negative market sentiment on mining companies looks to have bottomed out over the course of 2015, adding he hoped it will be the same for Goldstone.
Hall said the company has resolved to concentrate on exploring its current licence portfolio in Ghana and potentially add to this in order to boost cash flow.
He said Goldstone will focus on identifying potential deals for its licences in Ghana and Senegal in order to extract their underlying value within a difficult market environment.
For 2015, Goldstone made a GBP1.3 million pretax loss, slightly wider than the GBP1.2 million loss made a year earlier.
Shares in Goldstone were down 20% to 3.25 pence.
By Sam Unsted; [email protected]; @SamUAtAlliance
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