Gold Road Resources Limited announced December 2022 quarter production update

Gold Road Resources Limited (ASX: GOR) presented a preliminary production and financial update for the quarter ended December 2022:

• The company produced 74,201 ounces of gold during the quarter compared to the 83,635 ounces in September quarter
• Gruyere ore tonnes processed totalled 2.1 Mt at a head grade of 1.18 g/t Au and a gold recovery of 92.1% for the quarter
• GOR’s gold sales were 37,295 ounces at an average of AU$2,476 per ounce which also includes delivery of 6,480 ounces at an average price of AU$1,735 per ounce
• The company’s cash and equivalents were AU$80.7 million for the quarter ended December 2022 compared to $91.4 million in September quarter, and no debt was drawn
• As at 31 December 2022, the company held listed investments with a market value of approximately AU$407 million.

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