Gold Road Resources Ltd GOR.ASX

Founded in 2004, Gold Road Resources Ltd. is an exploring and mining company based in Western Australia. Formerly known as Elecktra Mines Limited, this mining company officially changed its name to Gold Road Resources Ltd. in 2010. Its head office is situated in Perth, Australia. Although gold exploration and mineral property development comprise the greatest part of its operations, Gold Road Resources Ltd. also pursues mineral extraction.

Listed on the Australian Securities Exchange (ASX), Gold Road Resources Ltd. trades under the ticker GOR. On 8 December 2020, the GOR closed at 1.2700 AUD with a price-to-earnings ratio of 31.75. On the same day, gold traded at $1,863.90 per ounce. Gold Road Resources Ltd. operates through two main segments: Development and Production, which focusses on joint ventures, and Exploration, which investigates and explores potential ore deposits.

Gold Road Resources Ltd. owns 50% of the Gruyere mine. The other 50% is owned by its joint venture partner, Gold Fields Ltd. This mine’s resources total 6.6 million ounces with a reserve of 3.7 million ounces. Gold Road Resources Ltd. explores the Gruyere tenements running over more than 4,000 kilometres of the Yamarna Greenstone Belt.

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