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Gold Road Resources directors make on-market share purchases

The company’s share price doubled since its March 2020 low, last trading at $1.58.

Gold Road Resources Ltd - Gold Road Resources directors make on-market share purchases
Share price increased 4.3% today following another rise in gold prices

Gold Road Resources Ltd (ASX:GOR) non-executive directors have backed the company via the purchase of shares on-market.

Sharon Warburton and Brian Levet purchased 50,000 shares each while Maree Arnason bought 13,000 shares.

On track to produce 250,000-285,000 ounces

Gold Road became one of Australia’s newest gold producers in June 2019, achieving its first gold pour from the Gruyere Gold Mine in WA along with JV partner Gold Fields Limited (JSE:GFI).

The company produced 99,130 ounces of gold in 2019 at the top of its guidance range.

Gruyere gold production for the 2020 calendar year is forecast between 250,000 – 285,000 ounces (125,000 – 142,500 ounces attributable to Gold Road).

The company’s all-in sustaining cost (AISC) for Gruyere is guided between A$1,100 – A$1,200 per ounce.

Quick facts: Gold Road Resources Ltd

Price: 1.385 AUD

ASX:GOR
Market: ASX
Market Cap: $1.22 billion
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