An update from Gold Road Resources Ltd ( (AU:GOR) ) is now available.
Gold Road Resources Ltd has reviewed the Gruyere Underground Scoping Study, which outlines a sub-level cave underground mining option at the Gruyere Gold Mine. The study confirms the technical and economic viability of underground mining, with a potential to significantly increase the resource base through ongoing exploration. The company has committed $26.4 million to a drill program to confirm the orebody’s depth, aiming to transform Gruyere into a multi-decade life mine, adding material value to the joint venture and stakeholders.
More about Gold Road Resources Ltd
Gold Road Resources Ltd is a company operating in the mining industry, primarily focusing on gold exploration and production. It is engaged in a 50:50 joint venture with Gruyere Mining Company Pty Ltd, part of the Gold Fields Ltd group, to manage and operate the Gruyere Gold Mine.
YTD Price Performance: 46.04%
Average Trading Volume: 6,247
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.97B
See more data about GOR stock on TipRanks’ Stock Analysis page.