Australia's Gold Road Resources drops on lower output, higher costs

Gold Road Resources

31/07/2024 05:00

** Shares of Gold Road Resources  GOR.AX  fall as much as
8.8% to A$3.560, posting their biggest intraday percentage
decline since Jan. 29
    ** Stock hits its lowest level since June 14
    ** Gold miner reports June-quarter production of about
62,500 ounces (oz), down from about 64,300 oz in the previous
quarter
    ** Posts quarterly all-in-sustaining costs of A$2,441/oz vs
A$2,194/oz in the previous quarter
    ** About 5.6 mln shares change hands, compared with the
30-day average volume of around 4.7 mln
    ** Stock down 15.8% YTD, including session's moves

 (Reporting by Aaditya Govind Rao in Bengaluru)
 ((Aaditya.govindrao@thomsonreuters.com;))