Well‐funded mid‐tier gold development and exploration company, Gold Road Resources Limited (Gold Road or the Company) has provided its 2018 Annual Report to the market. Chairman Tim Netscher said it was his pleasure to present the report at a time when Gold Road and its joint venture partner, Gold Fields, were standing at the threshold of producing first gold from the Gruyere Project.
Well‐funded mid‐tier gold development and exploration company, Gold Road Resources Limited (Gold Road or the Company) has provided its 2018 Annual Report to the market.
Chairman Tim Netscher said it was his pleasure to present the report at a time when Gold Road and its joint venture partner, Gold Fields, were standing at the threshold of producing first gold from the Gruyere Project.
“Achieving this milestone will mark the culmination of our rapid and successful transition from the ranks of junior explorer into a mid-tier gold producer,” Mr Netscher said.
“As announced in December, the updated Gruyere mine plan now delivers increased life-of-mine average annual production of approximately 300,000 ounces (100% basis).
“This classifies Gruyere as a global Tier 1 gold mine, based on scale of annual production, mine life exceeding 10 years, ore reserves greater than 3.6 million ounces and production costs at the lower end of the global industry cost curve.”
