Gold Road Resources Ltd (OTCPK:ELKMF)
$ 1.126 0.06 (5.63%) Market Cap: 1.21 Bil Enterprise Value: 1.13 Bil PE Ratio: 15.64 PB Ratio: 1.91 GF Score: 66/100

Q4 2021 Gold Road Resources Ltd Activities Report Call Transcript

Oct 27, 2021 / 12:30AM GMT
Release Date Price: $1.05
Operator

Thank you for standing by. Welcome to the Gold Road Resources ore reserve growth in September 2021 quarterly results. (Operator Instructions) I would now like to hand the conference over to Mr. Duncan Hughes, Managing Corporate Development and Investor Relations. Please go ahead.

Duncan Hughes
Gold Road Resources Limited - Manager of Corporate Development & IR

Thank you, Rachel, and welcome, everyone, to our ore reserve update and September quarterly analyst call. This is a substantial reserve update, but we have added almost another 1/3 to the Gruyere ore reserve. This ties in nicely with our mine outlook for gross production to a sustainable 350,000 ounces per annum. This further positions Gruyere as a Tier 1 ore body. September quarterly production was shy of expectations as announced previously. This is something Gold Road and our JV partner, Gold Fields, are taking very seriously. Happily, the ball mill realignment was successfully completed in early October, and we look ahead to a better December quarter.

On the 21st of October, we held a

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