Gold Road Resources has announced that the Gruyere gold mine has delivered to its 2022 annual guidance of 300,000 to 340,000 ounces of gold production.
In the December quarter, Gruyere produced 74,201 ounces of gold and Gold Road's gold sales totalled 37,295 ounces at an average price of A$2,476 per ounce.
The Company ended the quarter with $80.7 million in cash and equivalents and no debt drawn, and held listed investments with a market value of approximately $407 million.
Up to three drill rigs were operating across Yamarna and Golden Highway project areas to explore for a meaningful discovery.