ASX Announcement
27 April 2022
For personal use only
Gold Road Resources | Media Enquiries |
Duncan Gibbs | Peter Klinger |
Managing Director & CEO | |
pklinger@canningspurple.com.au | |
Duncan Hughes | |
Manager - Corporate Development & Investor Relations | Cannings Purple |
Tel: +61 8 9200 1600 | Tel: +61 411 251 540 |
Company Announcements Platform ASX Limited
20 Bridge Street SYDNEY NSW 2000
Dear Sir / Madam
Investor Presentation - March 2022 Quarterly Results
In accordance with Gold Road Resources Limited's Continuous Disclosure Policy, enclosed is a copy of the Investor Presentation which is being released to the ASX Market Announcements Platform ahead of today's investor briefing.
This release has been authorised by the Board of Directors.
Yours faithfully
Gold Road Resources Limited
Hayden Bartrop Company Secretary
For further information, please visitwww.goldroad.com.auor contact:
ASX Code GOR
ABN 13 109 289 527
COMPANY DIRECTORS Tim Netscher
Chairman
Duncan Gibbs
Managing Director & CEO
Brian Levet Non-Executive Director
Denise McComish Non-Executive Director
Maree Arnason Non-Executive Director
Hayden Bartrop Company Secretary
CONTACT DETAILS Principal & Registered Office Level 2, 26 Colin St
West Perth WA 6005www.goldroad.com.auperth@goldroad.com.au
T +61 8 9200 1600
F +61 8 6169 0784
MARCH 2022 QUARTERLY RESULTS
INVESTOR PRESENTATION
DISCLAIMER
IMPORTANT NOTICES
Nature of this document: The purpose of this presentation is to provide general information about Gold Road Resources Limited (the 'Company'). Unless otherwise stated herein, the information in this presentation is based on the Company's own information and estimates. In attending this presentation or viewing this document you agree to be bound by the following terms and conditions. This document has been prepared by the Company. Information in this document should be read in conjunction with other announcements made by the Company to the Australian Securities Exchange and available atwww.goldroad.com.au orwww.asx.com.
Not an offer: This presentation is for information purposes only and does not c onstitute or form any part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase or subscribe for, any securities in the Company in any jurisdiction. This presentation and its contents must not be distributed, transmitted or viewed by any person in any jurisdiction where the distribution, transmission or viewing of this document would be unlawful under the securities or other laws of that or any other jurisdiction.
Not financial product advice: This presentation does not take into account the individual investment objectives, financial situation and particular needs of each of the Company's Shareholders. You may wish to seek independent financial and taxation advice before making any decision in respect of this presentation. Neither the Company nor any of its related bodies corporate is licensed to provide financial product advice in respect of the Company's securities or any other financial products.
Forward-looking statements: Certain statements in the presentation are or may be "forward-looking statements" and represent the Company's intentions, projections, expectations or beliefs concerning, among other things, future operating and exploration results or the Company's future performance. These forward looking statements speak, and the presentation generally speaks, only at the date hereof. The projections, estimates and beliefs contained in such forward looking statements necessarily involve known and unknown risks and uncertainties, and are necessarily based on assumptions, which may cause the Company's actual performance, results and achievements in future periods to differ materially from any express or implied estimates or projections. Accordingly, readers are cautioned not to place undue reliance on forward looking statements. Relevant factors which may affect the Company's actual performance, results and achievements include changes in commodity price, foreign exchange fluctuations and general economic conditions, increased costs and demand for production inputs, the speculative nature of exploration and project development, diminishing quantities or grades of reserves, political and social risks, changes to laws and regulations, environmental conditions, and recruitment and retention of personnel.
Disclaimer: No representation or warranty, express or implied, is made by the Company that the material contained in this presentation will be achieved or prove to be correct. Except for statutory liability which cannot be excluded, each of the Company, its directors, officers, employees, advisers and agents expressly disclaims any responsibility for the accuracy, fairness, sufficiency or completeness of the material contained in this presentation, or any opinions or beliefs contained in this document, and excludes all liability whatsoever (including in negligence) for any loss or damage which may be suffered by any person as a consequence of any information in this presentation or any error or omission there from. The Company is under no obligation to update or keep current the information contained in this presentation or to correct any inaccuracy or omission which may become apparent, or to furnish any person with any further information. Any opinions expressed in the presentation are subject to change without notice.
Unverified information: This presentation may contain information (including information derived from publicly available sources) that has not been independently verified by the Company.
MARCH QUARTER HIGHLIGHTS
*100% basis. +Gold Road Attributable AISC.
1Cash & Equivalents (as at 31 March 2022) represents Cash, Bullion, and Dore 2Lost Time Injury Frequency Rate (LTIFR) for Gruyere and Gold Road. 3See ASX announcement dated 4 April 2022.
4Attributable Resources at 31 December 2021. See ASX announcement dated 17 February 2022. #Gold Road attributable resources include 50% share in Gold Road Underground Resource and 100% owned Yamarna Resources.
GRUYERE - MARCH QUARTER SUMMARY
GROWING PRODUCTION
Operation (100% basis)UnitMar 2022 QtrDec 2021 QtrSep 2021 QtrJun 2021 QtrCY21#
Ore Mined
71,135 ounces1 at AISC of A$1,526/oz2
Fourth successive quarter of production growth
Mining advancing to higher grade areas
Waste Mined Strip Ratio Mined Grade Ore milled Head Grade Recovery
Scheduled mill relines successfully completed
Gold Produced**
kt kt w:o g/t kt g/t % oz
2,637 3,164
2,591
2,602 10,303
7,544 7,541
7,815
7,421 29,103
2.86 2.38
3.02
2.85 2.82
1.08 1.00
0.88
0.87 0.95
2,142 2,236
2,101
1,986 8,439
1.17 1.04
0.94
0.92 1.01
91.0 91.2
71,135 67,813
89.5 59,371
89.8 90.5
53,132 246,529
Production to increase and AISC to decrease through 2022
Cost Summary (GOR)*** Mining
2022 guidance unchanged
Processing G&A
Guidance: 300-340koz at AISC of A$1,270-1,470/oz
GIC Movements By-product Credits Cash Cost
Gold Road sold 35,080 ounces at A$2,434/oz
~75% at spot
~25% hedged at average contract price of A$1,977/oz
Royalties, Refining, Other Rehabilitation* Sustaining Leases Sustaining Capital All-in Sustaining Costs
A$/oz A$/oz A$/oz A$/oz A$/oz A$/oz A$/oz A$/oz A$/oz A$/oz A$/oz
164 190
657 639
154 102
(5) (38)
(2) (2)
968 891
85 80
16 20
102 108
355 427
1,526 1,526
480 1,697
204 712 130 (39) (3) 1,005 80 17SAG &
135
158
702
649
156
128
(63)
(40)
(5) 924 85 19
502 1,659
(3) 892 80 18 113 455 1,558
2,070 ounces of bullion and dore held at 31 March
Sales (50% share)
UnitMar 2022 QtrDec 2021 QtrSep 2021 QtrJun 2021 Qtr
CY21#
Quarterly CAIC of A$1,834/oz+
Gold Sold
Average Sales Price
oz A$/oz
35,080 2,434
28,350 2,231
28,425 2,145
32,100 124,335
2,138 2,210
1100% basis unless otherwise stated. #Gold Road operates on a calendar year basis
*Rehabilitation includes accretion and amortisation. #Gold Road operates to a calendar financial year. ** Gold produced is after GIC adjustment ***Cost per ounce reported against gold ounces produced during the quarter.
2Attributable AISC. Refer to ASX announcement 27 April 2022. +CAIC = Corporate all in costs. CAIC calculated as (AISC + growth capital + corporate costs + exploration costs)/ounces produced.
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Gold Road Resources Limited published this content on 26 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 April 2022 00:04:08 UTC.