• Record financial performance in 2024
• Gruyere Underground Drilling commenced
• Gilmour Maiden Ore Reserve shows significant value

Gold Road Resources Ltd released its 2024 annual results, reporting record financial performance across key metrics. The company achieved EBITDA of $294M, NPAT of $143M, and free cash flow of $92M. Gold Road's production in 2024 was 287,270oz at an AISC of A$2,211/oz. The company's balance sheet remained strong, with $174M in cash and equivalents and no debt. Gold Road also paid a fully franked dividend of 1.5cps, representing 24% of free cash flows. The company continued to grow its reserves and resources, with a 5% increase in attributable reserves after mining depletion. Significant progress was made on the Yamarna Mine Readiness Project, with a Pre-Feasibility Study demonstrating strong economics. Exploration also advanced, with the commencement of underground drilling at Gruyere and the release of a positive Preliminary Feasibility Study for the Gilmour project, which showed an NPV5 of $231M. Gold Road maintained its focus on safe and sustainable production, achieving zero lost time injuries. The company also continued to invest in community and sustainability initiatives.

Gold Road's 2024 production was 287,270oz at an AISC of A$2,211/oz. The company is targeting continued strong performance in 2025.

Gold Road remains focused on delivering sustainable production, growing its reserves and resources, and advancing its development pipeline to create long-term shareholder value. The company is well-positioned for a strong 2025 with its robust financial position and growth strategy.