Gold miner Gold Road reduces production guidance due to operational issues and rain event at Gruyere GoldRoad
- Australian gold producer Gold Road Resources reported Thursday that reliability and utilization of the production drills and availability of blasting resources were below expectations for the quarter at Gruyere.
The situation has resulted in reduced availability of run-of-mine grade ore to the processing plant, with production being supplemented by the processing of low-grade ore stockpiles, it added. Based on anticipated outcomes of the recovery plan, Gold Road is now guiding 2023 annual production at between 320,000 and 350,000 ounces .
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