Australia's Gold Road Resources falls on lower quarterly production at Gruyere mine

Gold Road Resources

12/01/2023 01:06

** Shares of Gold Road Resources  GOR.AX  fall as much as
3.3% to A$1.78, hitting lowest since Jan. 6
    ** Gold-focused mine operator says its Gruyere gold mine
produced 74,201 ounces of gold during Dec. quarter, which is
down from the 83,635 ounces produced in Sept.
quarter urn:newsml:reuters.com:*:nFWN33W2UL
    ** Brokerage RBC says GOR's Q4 update is "weak" with gold
produced 16% below its expectation and 14% below consensus
    ** RBC says both head grade and mill throughput updates from
GOR are below its expectations
    ** GOR gained 7.5% in 2022
 (Reporting by Riya Sharma in Bengaluru)
 ((Riya.Sharma@thomsonreuters.com;))