Gold Road Resources (ASX: GOR)
Announced record Gruyere preliminary production results of 91,631 ounces of gold (100% basis) produced during the December 2024 quarter.
Gruyere 2024 Annual Production totalled approximately 287,270 ounces (143,635 ounces attributable), slightly below annual guidance of 290,000 – 305,000 ounces.
.
Gold Road Resources – Gruyere Gold Mine at night
.
.
| Gold Road | ASX : GOR | |
| Stage | Production (50% JV) | |
| Metals | Gold | |
| Market cap | A$2.14 Billion @ A$1.97 | |
| Location | Laverton, Western Australia | |
| Website | www.goldroad.com.au |
.
Gold Road Resources RECORD QUARTERLY PRODUCTION AT GRUYERE
.
Gold Road Resources Limited (ASX: GOR) (Gold Road or the Company) presents Gruyere’s preliminary production update for the December 2024 quarter.
The Gruyere JV is a 50:50 joint venture with Gruyere Mining Company Pty Ltd, a member of the Gold Fields Ltd group (Gold Fields), which manages and operates the Gruyere gold mine (Gruyere).
Further details will be available in Gold Road’s full December 2024 quarterly report scheduled for release later this month.
Record Quarter
§ Gruyere preliminary production result is a record 91,631 ounces of gold (100% basis) produced during the December 2024 quarter (September quarter: 68,781 ounces).
§ Gruyere 2024 Annual Production totalled approximately 287,270 ounces 1 (143,635 ounces attributable), slightly below annual guidance of 290,000 – 305,000 ounces.
§ Annual and quarterly attributable AISC will be provided with the fully reconciled production numbers in the quarterly report later this month.
§ Gruyere ore tonnes processed totalled 2.4 Mt at a head grade of 1.28 g/t Au and a gold recovery of 92.2% for the quarter2.
§ The December 2024 quarterly result and production exit rate for 2024 positions Gruyere for strong production performance in 2025.
Financial and Corporate
- Gold Road’s gold sales totalled 47,745 ounces at an average sales price of A$4,093 per ounce. Gold doré and bullion on hand on 31 December 2024 was approximately 1,782 ounces. Gold Road continues to be unhedged and 100% exposed to the spot gold price.
- Cash and equivalents3increased substantially to approximately $173.9 million (September quarter: $109.2 million) with no debt drawn, following a $4.6 million investment in ASX listed securities during the quarter4.
- At 31 December 2024, Gold Road held listed investments with a market value of approximately $740.6 million.
.
To read the full news release please click HERE
.
The live gold price can be found HERE
.
=======
.
City Investors Circle is based in the financial district in the City of London
We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.
Our audience is selected and invited individually to ensure interest and relevance for the presenting company.
Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.
We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.
If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com
.
=======
,
This website is not sponsored, we are truly independent, and will always remain so.
Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.
All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.
These articles are for awareness and informational purposes only, and are not recommendations in any form. Always consult an investment professional.
.
Disclosure
At the time of writing the author holds shares in Gold Road Resources
.