Gold Road Resources (ASX: GOR)
Released an updated corporate presentation following their recent results and AGM.
Gold Road Resources have risen around 40% in price recently as the gold price has recovered from its recent low, and results from their Gruyere mine (50%) continue to improve.
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| Gold Road Resources | ASX : GOR |
| Stage | Production (50% JV) |
| Metals | Gold |
| Market cap | A$1.34 Billion @ A$1.52 |
| Location | Laverton, Western Australia |
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Gold Road Resources Release an Updated Corporate Presentation
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Gold Road Resources (ASX: GOR) released an updated corporate presentation following their recent results and AGM.
Gold Road Resources have risen around 40% in price recently as the gold price has recovered from its recent low.
Gold Road Resources
Gold Road is a mid-tier Australian gold producer with a Tier 1 mine and exploration projects in the underexplored and highly prospective Yamarna Greenstone Belt in Western Australia’s north-eastern Goldfields.
Gold Road owns 50% of the world-class Gruyere gold mine, which was developed in Joint Venture with Gold Fields Ltd and produced first gold in June 2019.
Gruyere is forecast to lift production to a sustainable 350,000 ounces (100% basis) annually per annum by 2023 whilst maintaining a mine life of at least 10 years, making it one of Australia’s largest and lowest-cost gold mining operations.
The Gruyere JV has Open Pit Mineral Resources of 6.7 million ounces, including an Ore Reserve of 3.48 million ounces (100% basis). In February 2021, Gold Road reported a 50% attributable Maiden Underground Inferred Mineral Resource of 0.87 million ounces of gold from beneath the December 2020 Gruyere Open Pit Resource.
To access the new Corporate Presentation by Gold Road Resources, please click HERE
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Disclosure
At the time of writing the writer held shares in Gold Road Resources, bought in the market at the prevailing price on the day of purchase.
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