A series of on-market transactions since May 29, 2019, have seen the American global investment management corporation boost its overall holding in the gold producer to more than 97.456 million shares.
The company's shares are up again this morning, to $1.19, a new record high.
On May 3 BlackRock increased its stake from 7.54% to 9.34% with the purchase of 16 million shares through on-market trades between March 28 and May 28, 2019, at prices between 89 cents and $1.10.
Gold Road is Australia’s latest fully funded gold producer through its Gruyere tier one gold operation within the Yamarna project in Western Australia.
The company reached another golden milestone last week becoming the Australian Securities Exchange’s newest $1 billion company.
Shares needed to reach $1.14 for Gold Road to reach a $1 billion market capitalisation and the shares have continued rising beyond that amount.