Gold Road Resources Shares Plunge on Production Downgrade

Tue 18 Mar 25, 12:12 AM | Team Kalkine

Image source: Shutterstock

Highlights

Gold Road Resources shares fell 3.41% to AU$2.55, making it the top loser on the ASX 200.

Gruyere gold production forecast lowered to 70,000-73,000 ounces for March quarter, down from 91,631 ounces in Q4 2024.

Production cut blamed on maintenance issues and conveyor belt failures.

Gold Road Resources (ASX:GOR) saw its shares tumble 3.41% to AU$2.55 on Tuesday, marking its worst intraday drop since 11 March 2025. The gold miner was the top loser in the ASX 200 index, as investors reacted to a significant production downgrade.

Production Forecast Cut Due to Operational Issues

The company announced that its Gruyere gold production for the March quarter will range between 70,000 and 73,000 ounces, a sharp decline from 91,631 ounces produced in the December 2024 quarter. The reduction is attributed to:

Maintenance on the primary crusher.
Failure of two conveyor belts, impacting ore processing capacity.

These operational setbacks have raised concerns about Gold Road’s ability to maintain production efficiency in the near term.

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