Australia's Gold Road Resources falls on weak quarterly production

Gold Road Resources

31/01/2023 24:38

** Shares of Gold Road Resources  GOR.AX  fall as much as
3.9% to A$1.625, hitting their lowest since Dec 16, 2022
    ** The gold-focused mine operator says its Gruyere operation
produced 74,201 ounces of gold for the December quarter,
compared with 83,635 ounces produced in prior quarter 
    ** Co, however, forecasts ore grades to increase in FY2023 
    ** Stock posts its biggest intraday percentage fall since
Jan 18
    ** In 2022, stock rose 7.6%     
 (Reporting by Navya Mittal in Bengaluru)
 ((navya.mittal@thomsonreuters.com))