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.
|Gold Road Resources||ASX : GOR|
|Stage||Production (50% JV)|
|Market cap||A$1.34 Billion @ A$1.52|
|Location||Laverton, Western Australia|
Gold Road Resources Release an Updated Corporate Presentation
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.
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