Gold Road Resources Ltd ( (ELKMF) ) has released its Q4 earnings. Here is a breakdown of the information Gold Road Resources Ltd presented to its investors.
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Gold Road Resources Ltd, an Australian mining company, is primarily engaged in gold production and exploration activities through its joint ventures and projects.
The company reported a significant increase in its net profit after tax for the year ended 31 December 2024, reaching $142.7 million compared to $115.7 million in the previous year. This growth was driven by higher gold prices and increased gross profits from its Gruyere operations.
Despite a challenging weather event impacting production, Gold Road’s revenue rose to $528 million, supported by a higher average gold price of $3,672 per ounce. The company maintained strong exploration efforts and demonstrated operational resilience, with key investments in property, plant, and equipment, as well as exploration and evaluation assets.
Looking forward, Gold Road Resources aims to sustain its growth momentum by focusing on efficiency and operational performance enhancements at Gruyere, alongside strategic exploration and development initiatives. The company remains committed to delivering long-term value to its shareholders through robust financial strategies and risk management practices.
