Australia's Gold Road surges on providing three-year production outlook

Gold Road Resources

05/04/2023 01:49

** Shares of Australia's Gold Road Resources  GOR.AX  rise
as much as 6.1% to A$1.84, hitting their highest since Jan. 16
    ** The gold focussed miner updates production outlook for
Gruyere mine in Western Australia
    ** Says Gruyere 3-year output outlook ranges between 335,000
ounces and 375,000 ounces per annum
    ** Co says Gruyere mine is set to deliver 2 million ounces
of gold during 2025
    ** Analysts at Ord Minnett expect co to have a "solid" March
quarterly result on the back of higher grades processed from
open pits
    ** Stock eyes best day since March 20 if trends hold
    ** GOR currently top gainer on ASX-200
    ** Stock has risen 2.7% this year, as of last close

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))