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Gruyere pours one-millionth ounce, 3-year outlook and mine life reaffirmed - Investor Insight

Wednesday, 5 April 2023

Mid-tier gold production and exploration company Gold Road Resources Limited (ASX: GOR) has presented an updated three-year mine production outlook for the Gruyere gold mine, in WA's north-eastern Goldfields.

The Gruyere JV is a 50:50 joint venture with Gruyere Mining Company Pty Ltd, a member of the Gold Fields Ltd Group (Gold Fields), which manages and operates the Gruyere Gold Mine.

The Gruyere JV has completed feasibility level studies on the seven-stage Gruyere pit design, including metallurgical and geotechnical studies that underpin the Life-of-Mine until 2032. Additionally, the Gruyere JV is at an advanced stage of tendering a mining contract, with several industry leading contractors submitting competitive bids. The current contract concludes in the March 2024 quarter.

Gold Road has also confirmed that Gruyere has produced one million ounces, less than four years since production commenced in June 2019.

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