Gold Road Resources (ASX: GOR) expects production of 300k – 335k ounces from Gruyere gold mine in FY24

Tue 18 Jun 24, 10:21 AM | Team Kalkine

Image source: © Bashta | Megapixl.com

Highlights

Gold Road Resources Limited (ASX: GOR) is an ASX-listed mid-tier gold production and exploration company. The company manages Tier 1 mine and exploration projects in Queensland, South Australia and Western Australia. The key segments of the company are operations, investments and exploration.

In the financial year 2023 (FY23), the company posted net profit after tax of AUD 115.7 million, compared to AUD 63.7 million in the previous corresponding period. During the reported period, the free cash flow of the company jumped by 80.90% to AUD 140.2 million, driven by an increase in cash and short-term deposits accumulating to AUD 143.8 million.

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