Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Gold Road Resources Ltd ( (AU:GOR) ) has shared an announcement.
Gold Road Resources Ltd announced an increase in its mineral resources and ore reserves as of December 2024. The company’s attributable mineral resources grew by 6% to 4.81 million ounces, driven by enhancements in the Gruyere Joint Venture and a deeper pit shell at Gruyere. Meanwhile, attributable ore reserves rose by 5% to 1.92 million ounces, largely due to the inclusion of the Gilmour Ore Reserve, counterbalancing mining depletion at Gruyere. This expansion supports the company’s strategic positioning in the gold mining sector and indicates potential growth in future underground mining operations.
More about Gold Road Resources Ltd
Gold Road Resources Ltd is a mining company focused on the exploration and development of mineral resources, particularly gold. The company operates through its Gruyere Joint Venture and owns mineral resources at Yamarna, with a significant market focus on gold extraction and production.
YTD Price Performance: 17.18%
Average Trading Volume: 1,259
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.67B
For a thorough assessment of GOR stock, go to TipRanks’ Stock Analysis page.
