Gold Road results show steady progress despite production issues

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    Gold Road {ASX: GOR}

Published their Q1 2020 results to the 31st March, showing steady progress, despite some operational and weather issues experienced during the quarter.

The highlight was 59,595 ounces produced*(GOR 50%) at attributable AISC of A$1,135/oz, equivalent to approximately US$ 721 at current exchange rates.

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Gold Road {ASX: GOR}

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Published their Q1 2020 results to the 31st March, showing steady progress, despite some operational and weather issues experienced during the quarter.

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The highlight was 59,595 ounces produced*(GOR 50%) at attributable AISC of A$1,135/oz, equivalent to US$ 721.

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Highlights:

  • 59,595 ounces produced* at attributable AISC of A$1,135/oz
    Plant availability at 83.4% below BFS target of 91.3%
    Plant throughput rates at or above nameplate design
    Gold recovery of 94.1% continues to be slightly higher than expected
    Ore stockpiles of 3.3 Mt @ 0.7 g/t Au
  • Attributable gold sold of 31,700 ounces at A$2,001/oz
    ~35% at spot
    ~65% at hedged at average contract price of A$1,802 per ounce

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To read the full news release, please click HERE

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