Gold Road Resources Limited (ASX:GOR)
Gold Road Resources Limited (ASX:GOR) is a mid-tier Australian gold producer with Tier 1 mine and exploration projects in the under-explored and highly prospective Yamarna Greenstone Belt in Western Australia's north-eastern Goldfields.
Gold Road owns 50% of the world-class Gruyere gold mine, which was developed in Joint Venture with Gold Fields Limited (JSE:GFI) and produced first gold in June 2019. Gruyere is forecast to produce on average 300,000 ounces (100% basis) annually for at least 11 years, making it one of Australia's largest and lowest-cost gold mining operations. The Gruyere JV has Mineral Resources of 6.6 million ounces, including an Ore Reserve of 3.7 million ounces.
Gold Road discovered the world-class Gruyere deposit in 2013 as part of its pioneering exploration across Yamarna and entered into the Gruyere Gold Project Joint Venture with Gold Fields in 2016. The Gruyere JV includes 144 km of the Yamarna Belt.
In addition to the Gruyere JV, Gold Road controls 100% of tenements covering ~4,500 km across Yamarna with a Mineral Resource of 0.3 million ounces. Gold Road is executing an industry leading exploration strategy to discover the next multi-million-ounce gold deposits at Yamarna.
Gold Road also continues to assess and pursue other shareholder wealth-creating opportunities, such as its exploration earn-in Joint Ventures with Cygnus Gold Limited (ASX:CY5) in Western Australia's South West, and Project Generation more widely.