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Gold Road Resources Ltd ( (AU:GOR) ) has issued an announcement.
Gold Road Resources Ltd announced record gold production and sales from its Gruyere Gold Mine for the December quarter of 2024, achieving 91,631 ounces at a reduced All-in Sustaining Cost (AISC) and a notable increase in cash flow. The company’s financial health appears robust with increased operating cash flow and free cash flow, as well as a significant rise in cash and equivalents. The announcement also highlighted the Yamarna Mine Readiness Project’s promising new ore reserve and outlined ongoing and future exploration efforts, emphasizing the company’s strategic growth initiatives and its impact on future production capabilities.
More about Gold Road Resources Ltd
Gold Road Resources Ltd is a company operating in the mining industry, focusing on gold production. Its primary asset is the Gruyere Gold Mine, which is a 50:50 joint venture with Gruyere Mining Company Pty Ltd, a subsidiary of Gold Fields Ltd. The company is also involved in exploration and expansion projects, particularly in Western Australia and Queensland.
YTD Price Performance: 17.18%
Average Trading Volume: 1,308
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.68B
See more insights into GOR stock on TipRanks’ Stock Analysis page.
