Gold Road Updates on Gruyere JV  2020 Guidance & Resource Upgrade

  • Feb 12, 2020 AEDT
  • Team Kalkine

Gold Road Resources Limited (ASX: GOR) reported Gruyere 2020 production guidance along with a 1.2 million ounce upgrade to Measured and Indicated Resources for the Gruyere  JV.

  • Gruyere JV Total Mineral Resource is 154 million tonnes at 1.34 g/t Au for 6.6 million ounces following mining depletion of 0.19 million ounces.
  • The Resource upgrade would be the basis for a revised assessment of open pit Reserves during 2020.
  • Post depletion, Gold Road attributable Mineral Resources went up from 3.3 million ounces to 3.6 million ounces majorly because of addition of 100% owned Resources in 2019.

2020 Guidance:

  • Gruyere gold production is expected to range from 250,000 to 285,000 ounces.
  • Gold Road AISC is anticipated to lie in between A$1,100 to A$1,200 per attributable ounce. 
  • Exploration budgeted at $26 million. 

 

 

 

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