Australia's Gold Road Resources drops on production cut for key mine

Gold Road Resources

08/07/2025 01:40

** Shares of Australia's Gold Road Resources GOR.AX slip as much as 1.6% to A$3.15, their lowest level since May 2

** The gold miner says FY25 production from its partly owned Gruyere gold mine in Western Australia, now expected at the lower end of forecast of 325,000-355,000 ounces

** Says all-in sustaining costs (AISC) for the Gruyere mine projected at top end of forecast of A$2,400 ($1,562.16)-A$2,600

** Stock is second-biggest percentage loser in the ASX All Ordinaries Gold index .AXGD

** GOR on track to clock third straight session of losses

** Stock currently down 0.2% at $3.195

** Stock up 56.3% this year, including the day's move

($1 = 1.5363 Australian dollars)

 (Reporting by Roushni Nair in Bengaluru)

 ((Roushni.nair@thomsonreuters.com;))