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Gold Road Resources major shareholder BlackRock increases stake

The company also hosted its annual general meeting (AGM) yesterday where it passed all resolutions.

timeline of mine development
Its AGM presentation was titled ‘Discovery to Mining in 5.5 Years’

Gold Road Resources Ltd (ASX:GOR) has had one of its major shareholders, BlackRock Group, increase its stake in the company to 9.34% from 7.54%.

BlackRock purchased around 16 million shares through on-market trades between 28 March 2019 and 28 May 2019 at prices between 89 cents and $1.10.

Gold Road is Australia’s next fully-funded gold producer through its Gruyere tier one gold operation within the Yarmana Project in Western Australia.

Yesterday’s AGM presentation highlighted Gruyere’s progression and that the production of first gold was imminent.

READ: Gold Road Resources hits up to 12.40 g/t gold in drilling at Yamarna in WA

Proactive caught up with Gold Road earlier this month for an update.

Quick facts: Gold Road Resources Ltd

Price: 1.36 AUD

Market: ASX
Market Cap: $1.2 billion

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