Goldstone Resources shares drop on return to trading after robbery

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Shares in Goldstone Resources Ltd dropped on Wednesday after trading resumed, as it said that $350,000 worth of gold was stolen from its Homase site in Ghana.

Goldstone's shares were temporarily suspended from trading on AIM at 8.10 pence each in London on June 10. On Wednesday midday, shares in the Ghana-focused gold producer and developer were down 12% to 7.10p each.

Goldstone said that shares were suspended following an armed robbery at its Homase site. Around $350,000 worth of gold was stolen, but the company said that the loss is not expected to have a material impact on the financial performance.

Further, Goldstone expects to maintain regular production of gold doré throughout the rest of 2022.

However, the company said that the robbery has caused some short-term disruption to its operations and it is likely that this will continue into the third quarter.

The firm said: ‘The investigation into the robbery is ongoing and, concurrently, Goldstone is reviewing its security protocols. A new security company has been appointed and additional security measures are being implemented on an urgent basis to enhance protection for the company's operations, assets and personnel moving forward.’

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