Gold Road Resources

Mid-tiers Ramelius Resources and Gold Road Resources enjoyed elevated share prices after delivering strong output for the June quarter.

Gold Road Resources has bumped up its stake in De Grey Mining to nearly 20 per cent via Credit Suisse but says a takeover attempt is not on the cards yet.

De Grey Mining estimates it will cost $1 billion to transform its famed Mallina discovery into a 540,000 ounce per annum gold operation and one of the largest by output in Australia.

Labour shortages and inflationary pressures have rocked even WA’s biggest resources companies.

Gold Road Resources has taken up nearly $26 million worth of new shares via De Grey Mining’s latest placement to cement its place as the junior’s biggest shareholder.

Mining and civil services firm MACA has secured a $850 million contract extension for open pit mining activities at the Gruyere gold mine in the Goldfields.

De Grey has launched a $300 million capital raising to start making a mine out of its Hemi deposit, while the inevitable sting of inflation lifts build costs to $1.3 billion.

In this podcast, Simone Grogan and Jack McGinn discuss Woodside's big week; Qantas hearing; Mineral Resources; De Grey; South Perth's timber tower; and plans for an ex-premier's house.

Shares in Gold Road Resources have been sold off today after unexpected labour productivity issues at the Gruyere mine meant it just met the bottom end of its production guidance.

Business News runs the rule over a cross-section of companies to determine how much firms of varying size and industry invest in WA communities.

ASX-listed De Grey mining announced on Tuesday it had shortlisted 11 global financial lenders to potentially bankroll its Hemi gold project.

There’s work to be done to ensure open books around certain industries’ contribution to the communities in which they operate.

Shares in Gold Road Resources were sold off on Monday following an announcement that annual production at its flagship Gruyere mine hit the lower tier of its 2023 production guidance.

Gold Road Resources' full-year net profit after tax rose by 81.7 per cent for the 2023 financial year, from $63.7 million to $115.7 million.

Duncan Gibbs-backed Gold Road Resources has announced that March production at its flagship Gruyere goldmine has been affected by heavy rain.

Gold Road Resources managing director Duncan Gibbs is hopeful the mid-tier gold producer can build on its 2023 full-year performance.

Gold Road Resources has ended discussions around possibly acquiring a major interest in a gold mine joint venture in Canada.

Gold aspirant Asra Minerals has announced Rob Longley's resignation as the company’s managing director.

GOLD WRAP: Rain fallout for Gold Road; enlarged Red 5’s consolidated output above 450,000 ounces; and Westgold prepares for Karora.

Regis Resources chief executive Jim Beyer has revealed the company is open to a JV partner at its McPhillamys gold project in New South Wales, while lauding the project’s approvals status.

Pilbara gold developer De Grey has refused to comment around speculation that it could be the target of rival interest, saying it is focused on developing its Hemi project.

WA’s second-largest goldminer by ounces produced is seeking to shore up its place in the world for the next century and beyond.

GOLD WRAP: Ramelius Resources has increased its profit 250 per cent year-on-year, bringing in almost $220 million last financial year as it rode a wave of record gold prices and low costs.

De Grey Mining's push to develop its Hemi gold project has continued, after receiving provision for a $150 million loan from the Northern Australia Infrastructure Facility.

Gold Road’s previously revised 2024 annual guidance of 290,000-305,000 ounces of gold has been maintained, due to improved production during the September quarter.

Northern Star Resources will expand its gold portfolio into the Pilbara, after striking a $5 billion deal to acquire market darling De Grey Mining and its flagship Hemi project.

Goldminer Catalyst Metals has cleared $36 million worth of inherited debt, riding the wave of gold price momentum which has led to a flurry of activity in the sector this week.

Mid-tier goldminer Gold Road Resources has struck a $44 million deal with ASX-listed explorer Iceni Gold over its early-stage project in Goldfields.

Gold Road Resources has reported a 27 per cent quarter-on-quarter hike in the value of its listed investments but remains tight-lipped on whether it will make a move for De Grey Mining.

Gold Road Resources has taken a step toward the development of its 100 per cent owned, high-grade Gilmour project, outlining a $36 million bill to establish the mine.

Gold Road Resources is hopeful positive results of its 2025 exploration program at Gruyere could extend the operation’s life of mine beyond 2032.

Gold Road Resources management has held its cards close to its chest on its intentions around De Grey Mining, as Northern Star Resources closes in on an acquisition of the gold developer.

A new record Australian dollar gold price greeted local producers this morning, as companies including Vault Minerals and Ramelius Resources outlined their growth ambitions.

Windfall from Northern Star Resources’ move for De Grey Mining has pushed the value of Gold Road Resources’ listed investments to around $870,000.

Gold Road Resources has forewarned of likely reduced production at its Gruyere gold mine during the March 2025 quarter, citing multiple factors.

Gold Fields boss Mike Fraser is disappointed the board of Gold Road Resources has poured cold water over his $3.3 billion offer for the Gruyere mine joint venture partner.

Aggressive and hostile is how the chief executive of Gold Road Resources has described the $3.3 billion bid lobbed by its Gruyere joint venture partner Gold Fields.

Stocks in Western Australian gold producers are rallying as the price for the precious metal holds strong above $US3,000 per ounce amid a flurry of M&A activity.

A few days after pouring cold water on a $3.3 billion bid from Gruyere joint venture partner Gold Fields, Gold Road Resources has announced its 2024 full-year result.