Australia's Gold Road Resources falls sharply on WA mine performance

Gold Road Resources

03/01/2024 01:11

** Shares of Australia's Gold Road Resources  GOR.AX  fall
as much as 8.7% to A$1.785, marking their biggest intraday pct
drop since June 22, 2023 
    ** Stock hits its lowest level since Nov. 24, 2023
    ** Gold-focused miner says 2023 production from Gruyere Gold
Mine in Western Australia was 321,978 ounces, meeting lower end
of annual guidance of 320,000–350,000 ounces
    ** Says Gruyere produced 74,653 ounces of gold in the
December quarter vs 88,668 ounces in the September quarter
    ** About 3.7 mln shares change hands by 0110 GMT, vs the
30-day average volume of 3.1 mln shares
    ** GOR gained 16.3% in 2023

 (Reporting by Roshan Thomas in Bengaluru)
 ((Roshan.Thomas@thomsonreuters.com))