Investor Presentation - March 2025 Quarterly Results
Gold Road Resources Ltd
Key points
- Gruyere production of 71,226oz at AISC of A$2,658/oz
- Cash and equivalents grew to $204M, debt free
- Free cash flow of $34M for the quarter
- Investment portfolio valued at ~$1.0Bn
Full summary
Gold Road Resources Limited released its March 2025 quarter results, reporting production of 71,226oz of gold at an AISC of A$2,658/oz from the Gruyere Joint Venture. The company generated $34M in free cash flow for the quarter and ended the period with $204M in cash and equivalents, remaining debt-free. Gold Road's investment portfolio also grew in value to approximately $1.0Bn. The company maintained its full-year production guidance of 325,000 - 355,000 ounces at an AISC of A$2,400 - A$2,600/oz. Exploration at the Gruyere underground and the Gilmour project, which has a maiden Ore Reserve of 0.19Moz at 4.10g/t Au, offer potential upside. The company is progressing the Yamarna Mine Readiness Project, targeting to be shovel-ready by late 2026.
Guidance
2025 production guidance of 325,000 - 355,000 ounces at an AISC of A$2,400 - A$2,600/oz.
Outlook
Gold Road is progressing the Yamarna Mine Readiness Project, targeting to be shovel-ready by late 2026. The company also highlighted the potential upside from the Gruyere underground and Gilmour projects.