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 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 lift production to a sustainable 350,000 ounces (100% basis) annually per annum by reaffirmed to 2032 through a seven-stage mine plan, making it one of Australia’s largest and lowest-cost gold mining operations. The Gruyere JV has Open Pit Mineral Resources of 6.7 million ounces, including an Ore Reserve of 4.05 million ounces (100% basis). Gold Road reported a 50% attributable Maiden Underground Inferred Mineral Resource of 0.95 million ounces of gold from beneath the December 2022 Gruyere Open Pit Resource.
Gold Road discovered the world-class Gruyere deposit in 2013 as part of its pioneering exploration across Yamarna and entered into the Gruyere Gold Project Joint Venture with Gold Fields in 2016. The Gruyere JV includes 180 km² of the Yamarna Belt.
In addition to the Gruyere JV, Gold Road controls 100% of tenements covering ~2,850 km² across Yamarna with a Mineral Resource of 0.51 million ounces. Gold Road is executing an industry leading exploration strategy to discover the next multi-million-ounce gold deposits at Yamarna. Gold Road also continues to assess and pursue other shareholder wealth-creating opportunities and Project Generation more widely.
In July 2022 Gold Road completed the takeover of DGO Gold Ltd and now holds ~14,000 km² of diverse exploration tenure in Australia as well as 19.73% investment in De Grey Mining Ltd (ASX:DEG) owner of the world class 10.6 Moz Mallina Gold Project and 17.45% in Yandal Resources.
Gold Road is focused on growth and returns for shareholders with growing production from Gruyere and a strong focus on finding mine #2 through organic or inorganic growth.
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