Overview of Gruyere production update

Gold Road Resources Limited (ASX: $GOR) has issued a preliminary production update from Gruyere, a joint venture with Gruyere Mining Company Pty Ltd, a member of the Gold Fields Ltd group. The access roads to Gruyere were impacted by significant rainfall events in March, leading to reduced mining and plant operations suspension. The preliminary gold production for the March quarter is approximately 64,300 ounces, with final figures to be released in late April. The company anticipates resuming operations at Gruyere during the first week of April, utilizing alternative routing options for supply.

Executive commentary on production update

The unforeseen and prolonged road closures due to the regional rainfall events have impacted our operations at Gruyere. Despite the challenges, we have continued processing low-grade stockpiles and are collaborating with local authorities and communities to repair the road access. We anticipate resuming operations at Gruyere in the first week of April and remain focused on achieving our 2024 annual guidance, with stronger production performance expected in the second half of the year. Our financial position, with cash and equivalents at $146.2 million and no debt drawn, provides us with stability during this period.

Summary of Gruyere production update and outlook

Gold Road Resources (ASX: $GOR) has faced operational disruptions at Gruyere due to road closures caused by unprecedented rainfall events. The preliminary gold production for the March quarter stands at approximately 64,300 ounces, with final figures and All-in sustaining costs (AISC) to be released in late April. The company anticipates resuming operations at Gruyere in the first week of April, utilizing alternative routing options for supply. Despite the challenges, Gold Road Resources maintains its 2024 annual guidance, aiming for production in the lower half of 300,000 to 335,000 ounces and the upper half of attributable AISC of A$1,900 to A$2,050 per ounce. The company's financial position, with cash and equivalents at $146.2 million and no debt drawn, remains robust. Looking ahead, Gold Road Resources is focused on achieving stronger production performance in the second half of the year, aligning with its corporate strategy and goals.