Brief: Gold Road Resources Says Gruyere Produced 74,201 Ounces Of Gold (100% Basis) In Qtr

Gold Road Resources

31/01/2023 24:46

Jan 31 (Reuters) - Gold Road Resources Ltd  GOR.AX :
    * FOR QUARTER GRUYERE PRODUCED 74,201 OUNCES OF GOLD (100%
BASIS)
AT AN AISC OF A$1,622 PER ATTRIBUTABLE OUNCE
    * SEES 2023 ANNUAL PRODUCTION IS SET TO INCREASE TO BETWEEN
340,000 - 370,000 OUNCES
    * GOLD ROAD'S GOLD SALES TOTALLED 37,295 OUNCES AT AN
AVERAGE
PRICE OF A$2,476 PER OUNCE IN QUARTER
    * GRADES ARE EXPECTED TO LIFT INTO 2023 AS MINING PROGRESSES
THROUGH FRESH ORE FROM HIGHER-GRADE STAGE 3 AND 4 PITS
    * SEES 2023 AISC BETWEEN A$1,540 AND A$1,660 PER
ATTRIBUTABLE
OUNCE
    * QTRLY SALES REVENUE OF A$92.3 MILLION
    * 2023 EXPLORATION BUDGET OF A$30 MILLION

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 ((Reuters.Briefs@thomsonreuters.com;))