The earnings call reflects a challenging quarter affected by weather-related disruptions, which impacted production and increased costs. However, there are positive signs of operational recovery and strong financial health, alongside promising exploration results that could support future growth.
Company Guidance
During the Gold Road Resources Q2 2024 earnings call, the company revised its production guidance due to disruptions caused by a protracted rain event and subsequent road closures. The new guidance is set at 290,000 to 305,000 ounces of gold, down from the previous 300,000 to 335,000 ounces. The all-in sustaining cost (AISC) guidance was adjusted to $2,050 to $2,200 per ounce, reflecting higher costs driven by increased gold prices affecting royalty payments, unexpected sustaining capital expenditures, and noncash adjustments. Despite these challenges, the company reported operating cash flow of $74 million for the quarter, and cash and equivalents stood at $86 million. The company continues to focus on its Yamarna mine readiness project and has promising exploration results from the Balter and Galloway projects.
Record Mining and Processing Rates
Mining and processing rates hit record highs in May, demonstrating operational recovery and potential for future performance improvements.
Financial Strength
Gold Road Resources remains debt-free with $0.6 billion in liquid assets, despite a challenging quarter.
Exploration Successes
Encouraging exploration results, especially at Gilmour with notable drill results, supporting future growth opportunities.
Progress at Yamarna Mine Readiness Project
Significant advancements in the Yamarna mine readiness project, targeting production by 2026.
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Gold Road Resources Ltd (AU:GOR) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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AU:GOR Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Feb 22, 2024
AU$1.39
AU$1.41
+1.73%
Feb 22, 2023
AU$1.40
AU$1.42
+1.43%
Aug 29, 2022
AU$1.22
AU$1.22
0.00%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Gold Road Resources Ltd (AU:GOR) report earnings?
Gold Road Resources Ltd (AU:GOR) is schdueled to report earning on Mar 25, 2025, TBA Not Confirmed.
What is Gold Road Resources Ltd (AU:GOR) earnings time?
Gold Road Resources Ltd (AU:GOR) earnings time is at Mar 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.