Gold Road Resources increased its 2022 guidance to 300-340 koz.
Gold Road released its December quarterly highlights on Monday. The company is a 50% owner of the Gruyere Gold Mine in Western Australia.
In 2021 the company produced 246,529 ounces at attributable AISC of A$1,558/oz.
The company had a good quarter.
Gruyere produced 67,813 ounces of gold (100% basis) at an AISC of A$1,526 per attributable
ounce during the December 2021 quarter compared to the previous quarter of 59,371 ounces at an AISC of
A$1,697 per attributable ounce.
“The improvement quarter on quarter was largely the result of increased plant availability supporting record quarterly processing throughput and improving head grades. Despite the improvement, quarterly production was down slightly on expectations due to delays accessing higher grade portions of the Stage 2 open pit, partly attributable to labour force delays and inclement weather at Gruyere during December,” wrote the company in a news release.