Gold Road’s Canadian ambitions stir concerns
Investors delivered a thumbs down to Gold Road Resources (ASX:GOR) after it confirmed ambitions to try to buy a mining company in Canada. The shares fell more than 7% on Monday.
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Rainfall affects Regis Resources, Capricorn Metals, and Gold Road
Regis Resources (ASX:RRL), along with Capricorn Metals and Gold Road, has revealed setbacks to planned production due to last week’s record rainfall in parts of the WA Goldfields. Capricorn Metals (ASX:CMM) reported that its Karlawinda gold project in the Pilbara experienced a second rain event in three months, forcing the mine to process lower-grade stockpiled ore. Similarly, Gold Road (ASX:GOR) disclosed that its 50% owned Gruyere mine faced curtailed work in the open pit for a week or more, affecting production for the March quarter but maintaining guidance for the June 30 year, albeit at the lower end of the forecast range.
Read MoreRamelius Resources raises 2024 production guidance
Unlike Gold Road Resources (ASX:GOR), which surprised investors with a cut to its 2024 production guidance, Ramelius Resources (ASX:RMS) has increased its guidance for the year ending in June.
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Strong 2023 finish for gold miners
Early December quarter production reports from a string of mid-level gold miners have painted a positive picture for the industry, as they closed out a challenging 2023 with robust performance.
Read MoreGold Road Resources reports record revenues and profits, increases dividend.
Gold Road Resources (ASX:GOR), a mining company with a significant stake in the Gruyere gold mine in WA, along with shareholdings in De Grey Mining and Yandal Resources, has announced a 20% increase in its interim dividend after revealing impressive financial results for the six months ending on June 30.
Read MoreGruyere Still a Shining Light for Gold Road
Gold Road’s Gruyere gold mine in WA didn’t disappoint yesterday with the news that it outperformed many analysts’ forecast in the three months to December and over all of 2022.
Read MoreMining Murmurs: MIN, GOR
Despite their share prices falling on a rough old Monday for the ASX, both MinRes and Gold Road were spreading good cheer about their respective operations.
Read MoreMining Morsels: GOR, ALK, WMC
Gold’s struggles don’t seem to be slowing down the busy local sector’s news feed in any way – here are three more updates released during Wednesday’s ASX session.
Read MoreSolid Quarter Primes Gold Road for Come What May
March turned out to be a solid quarter for Gold Road, which is bidding for control of DGO Gold, with a nice jump in both output and quality from its 50% owned Gruyere gold mine in WA.
Read MoreCorporate Chatter: DGO / GOR, WSA / IGO
Plenty of corporate activity in the local mining sector, with developments today on the proposed takeovers of DGO Gold by Gold Road Resources and Western Areas by IGO Ltd.
Read MoreGOR – Macquarie rates the stock as Neutral
Macquarie upgrades its rating for Gold Road Resources to Neutral from Underperform, while retaining its $1.70 target price.
Read MoreGOR – UBS rates the stock as Buy
UBS initiates coverage on Gold Road Resources with a Buy rating and $1.94 target.
Read MoreDigging into the Mining Scene
The December quarter bought the usual flood of updates from miners on their exploration, development and production operations – here are a few of the key highlights.
Read MoreGruyere Remains a Rich Vein for Gold Road
Gold Road Resources and Goldfields have revealed ambitious plans to extend the life of their Gruyere gold mine in WA, making it one of the deepest open cut gold mines in Australia.
Read MoreResource Nuggets: GOR, MIN, PLS, OSH
Plenty of news from the resources sector on Tuesday, here are the details of key announcements made by Gold Road Resources, Mineral Resources, Pilbara Minerals and Oil Search.
Read MoreMore Gruyere Blues for Gold Road
For the second time since June, Gold Road Resources has cut its full-year production guidance, after more operational problems at the Gruyere gold mine in WA.
Read MoreThree Nuggets from the Mining Sector
Contrasting fortunes this week for three of the country’s mid-range miners who released quarterly reports – IGO in nickel, as well as gold producers St Barbara and Gold Road.
Read MoreGruyere on the Nose for Gold Road
Bad news at the end of a volatile year for gold from Gold Road Resources, which says mechanical problems at its Gruyere mine in WA will cost it profits for the quarter and financial year.
Read MoreGOR – Macquarie rates the stock as Outperform
Guidance is unchanged. Outperform rating maintained. Target rises to $1.50 from $1.40.
Read MoreGOR – Macquarie rates the stock as Outperform
A bearing failure at the mill at Gruyere has affected production for a week and 2020 guidance has been reduced by -15,000 ounces to 250-270,000 ounces. All-in sustainable costs have been lifted to $100/oz.
Read MoreGold Road Resources On Path To Dividends
Thanks to the high global gold prices, another Australian miner has joined the list of companies with a dividend-paying purpose in mind.
Read MoreGOR – Macquarie rates the stock as Downgrade to Neutral from Outperform
Macquarie downgrades to Neutral from Outperform as the target is now in line with the current share price. Target is $1.40.
Read MoreSniffing Out Golden Opportunities On The ASX
Bullion’s romp beyond the record $2000 an ounce level in Aussie dollar terms has prompted investors to take a closer look at the pantheon of ASX-listed local gold producers – despite some problems in the mid-tier that have tarnished the sector.
Read MoreGruyere Rolling Along For Gold Road
Gold Road is a gold explorer that’s aggressively evaluating the large-scale resource potential of its Yamarna project in WA. The company’s production and corporate credentials have been significantly enhanced.
Read MoreGruyere Study Highlights Gold Road Potential
Gold Road (ASX: GOR, Share Price: $0.35, Market Cap: $196m) is one of our long-standing emerging gold exposures that we introduced to our Portfolio during December 2010. Gold Road has maintained aggressive and focused exploration and appraisal activity with respect to its vast Yamarna Belt gold project – an underexplored region encompassing an area of 5,000 sq km area within WA’s Yilgarn Craton.
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