Gold Road Resources (ASX: GOR)

Have published an updated corporate presentation incorporating the latest production and drill results from their Gruyere Mine (50%).

The company are slowly adding to their exploration ounces on their 100% owned projects, as well as at the underground at Gruyere, where Goldfields are a 50% partner.   […] 

 

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Gold Road	ASX : GOR
Stage	Production   (50% JV)
Metals	Gold
Market cap	A$1.56 Billion   @ A$1.77
Location	Laverton, Western Australia

 

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Gold Road Issue an Updated Corporate Presentation

 

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Gold Road Resources (ASX: GOR) have published an updated corporate presentation incorporating the latest production and drill results from their Gruyere Mine (50%).

The presentation can be viewed HERE

 

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Highlights

• The company are slowly adding to their exploration ounces on their 100% owned projects, as well as at the underground at Gruyere, where Goldfields are a 50% partner.
• Guidance for 2022 is between 150,000 – 170,000 oz Au at an AISC of between A$1,270 – A$1470.  As this is being written, the price of gold in AUS$ is A$2,733.
• The company currently has 2.2 m oz Au as a reserve, and 4.7 m oz as a resource.
• Gold Road have A$135 m in treasury.
• 2 Cents dividend payment
• Gruyere JV ore reserves grew by circa 1 m Oz Au in 2021.
• Exploration budget of A$30 million on 2022 on 100% owned ground.
• Yarmana (100%) resources grew to 500,000 oz Au.
• Several priority exploration projects.

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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.

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Disclosure

At the time of writing the author owns shares in Gold Road Resources, bought in the market at the prevailing price on the day of purchase.

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