Gold Road Resources Ltd  ASX:GOR

Company

First Coverage

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Gold Road Resources Ltd ASX:GOR

$ 0.47

29-May-15

Report Date Price
Growth Portfolio 29-May-15 $0.47
Growth Portfolio 11-Feb-16 $0.43

Overview

Gold Road Resources Ltd is Pioneering Development of Australia’s Newest Goldfield.

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 Resources Ltd 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 produce on average 300,000 ounces (100% basis) annually for at least 11 years, making it one of Australia’s largest and lowest-cost gold mining operations. The Gruyere JV has Mineral Resources of 6.7 million ounces, including an Ore Reserve of 3.48 million ounces (100% basis).