tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Gold Road Resources Reports Strong Profit Growth in 2025

Gold Road Resources Reports Strong Profit Growth in 2025

Gold Road Resources Ltd ( (ELKMF) ) has released its Q2 earnings. Here is a breakdown of the information Gold Road Resources Ltd presented to its investors.

Elevate Your Investing Strategy:

  • Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.

Gold Road Resources Ltd, an Australian company, operates primarily in the gold mining sector, with its flagship project being the Gruyere Gold Mine, a joint venture with Gold Fields. In its latest earnings report for the first half of 2025, Gold Road Resources announced a significant increase in net profit after tax to $107 million, up from $43.1 million in the same period last year. The company reported gold sales revenue of $349.2 million, driven by the sale of 71,876 ounces of gold at an average price of $4,858 per ounce. The financial position of the company strengthened with net assets increasing by $226 million, supported by higher cash and cash equivalents and an increase in financial assets at fair value. Looking ahead, Gold Road Resources anticipates that the Gruyere Gold Mine’s full-year production will be at the lower end of its guidance range, with costs at the higher end, reflecting the challenges of unplanned maintenance downtime.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1