Tag Archives: Gold Road Resources

Gold Road Resumes Production at Gruyere

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Gold Road Resources (ASX: GOR)

Reported that mining and processing operations have resumed at Gruyere, with consumables transported via the Northern Territory and Warburton to the east of Gruyere, whilst repairs continue on the Great Central Road, Gruyere’s main supply route from the west.

As stated previously, production at Gruyere was impacted by sustained rainfall and extended road closures during March and into April1. Continue reading →

Gold Road Resources Response to Media Speculation

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Gold Road Resources (ASX: GOR)

Notes media speculation in The Australian regarding the potential acquisition of an interest in the Greenstone Gold Mines in Canada.

Gold Road confirms its participation in a sale process conducted by Orion Resource
Partners (USA) LP for Greenstone Gold Mines. Continue reading →

Gold Road Resources 2023 Full Year Results

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Gold Road Resources (ASX: GOR)

Announced their 2023 Full year Financial and Production results.

THe company announced record revenue from gold sales for the full year of A$472.1 million (2022: $382.9 million) and fully unhedged gold sales of 161,472 ounces, at an average realised gold price of $2,924 per ounce. Continue reading →

Mining Review 1st October 2023

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Mining Review 1st October 2023

A poor week for gold as “higher for longer” US rate predictions took their toll on the price, taking it down to the mid $1800s, and looking weak.

Westhaven announced good drill results at Shovelnose, Calidus reported increased production potential, and West Red Lake Gold rose on the back of a newsletter promotion.  Continue reading →

Mining Review Sunday 3rd September

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Mining Review 3rd September 2023

Gold rallied strongly during the week, after disappointing US economic data suggested the FED may have to call a halt to further interest rate rises sooner than expected, bring recession fears to the fore and interest rate cuts sooner than expected, all positive for gold.

Eloro and O3 Mining both reported good drill results during the week, and Gold Road Resources reported record profits for H1 2023.  Continue reading →

Gold Road Confirm Production Guidance

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Gold Road Resources (ASX: GOR)

Reported that their Gruyere Gold Mine has delivered to 2022 annual guidance, and to present a preliminary production and financial update for the December 2022 quarter.

The Gruyere JV is a 50:50 joint venture with Gruyere Mining Company Pty Ltd, a member of the Gold Fields Ltd group, who manages and operates the Gruyere gold mine.  Continue reading →

Gold Road Resources Production Update

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Gold Road Resources (ASX: GOR) 

Presented a preliminary production and financial update for the September 2022 quarter.

The Gruyere Gold Mine had another strong quarter, producing 83,635 ounces of gold (100% basis), in line with expectations. Ore tonnes processed totalled 2.2 Mt at a head grade of 1.26 g/t Au and a gold recovery of 92.3% for the quarter. This is the highest average quarterly head grade achieved at Gruyere to date.  Continue reading →

Market Review August 2022 Published

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Market Review August 2022 Published

The City Investors Circle Market Review for August 2022 has been published, with a focus on the effect of interest rises on a falling junior mining market.

Companies mentioned include Gold Road Resources, Cabral Gold, Uranium Energy Corp., Franco Nevada, and Royal Gold.  To read the Review  Continue reading →

City Investors Circle Market Review July 2022

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City Investors Circle July Market Review 

Has been published, with comments on the fierce debate going on in the USA regarding the definition of a recession as the White House seeks to deny the country has already entered one.

Companies featired incude Neometals, Karora Resources, and Gold Road Resources, plus comments on others making the news during the month. Continue reading →