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Gold Road Resources Ltd (ELKMF)
:ELKMF
RESEARCH TOOLSreports
Earnings Data
Report Date
Feb 21, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.07Last Year’s EPS
0.04Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Aug 25, 2024
|% Change Since: 64.84%
|Next Earnings Date:Feb 21, 2025
Earnings Call Sentiment|Positive
The earnings call presented a strong quarter with record gold production and financial performance, along with significant investment gains and a positive outlook for the future. However, there were minor setbacks impacting 2024 guidance and increased costs, suggesting some challenges remain.Company Guidance
During the December 2024 quarterly analyst call, Gold Road Resources reported a record quarterly gold production of 91,631 ounces, driven by a 20% increase in head grade and efficient plant operations, resulting in an all-in sustaining cost of $1,811 per ounce. Gruyere's operating cash flow reached a record $142 million, while Gold Road's free cash flow rose to $76 million, contributing to a cash and equivalents position of $174 million. The company announced a 2025 production guidance of 325,000 to 355,000 ounces, with an attributable all-in sustaining cost of $2,400 to $2,600. Furthermore, a pre-feasibility study for the Gilmour project showed a net present value of $354 million at a gold price of $4,300 per ounce. Gold Road's investments, valued at over $820 million, benefited from Northern Star's proposal to acquire De Grey Mining, where Gold Road holds a 17.3% interest.Record Gold Production and Financial Performance
Gold production increased quarter-on-quarter to a record 91,631 ounces at a cost of $1,811 per ounce. Operating cash flow increased to $142 million, and free cash flow lifted to $76 million. Cash and equivalents ended at $174 million.
Strong Investment Value Growth
The value of listed investments grew to over $820 million, with an unrealized gain in excess of $400 million, benefiting from Northern Star's proposal in relation to De Grey Mining.
Positive Gilmour Pre-feasibility Study Results
The Gilmour project pre-feasibility study shows substantial value with an NPV of $354 million at a gold price of $4,300 per ounce.
Three-Year Production Outlook
Production guidance for 2025 is set at 325,000 to 355,000 ounces, with an all-in sustaining cost of $2,400 to $2,600, indicating a solid plan for future growth.
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ELKMF Earnings History
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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ELKMF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 22, 2024 | $0.91 | $0.93 | +2.20% |
| Feb 22, 2023 | $0.97 | $0.96 | -1.03% |
| Aug 29, 2022 | $0.84 | $0.84 | 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 (ELKMF) report earnings?
Gold Road Resources Ltd (ELKMF) is schdueled to report earning on Feb 21, 2025, TBA Not Confirmed.
What is Gold Road Resources Ltd (ELKMF) earnings time?
Gold Road Resources Ltd (ELKMF) earnings time is at Feb 21, 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.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ELKMF EPS forecast?
ELKMF EPS forecast for the fiscal quarter 2024 (Q4) is 0.07.
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