Surging Prices Bring Top ASX Gold Shares in Limelight
Gold mining stocks are gaining huge momentum with gold knocking at the benchmark price of USD$2800 an ounce. Top growth stocks from the sector are getting in focus.
Gold Road Resources Limited (ASX: GOR)
Gold Road Resources Limited (ASX: GOR) reported a strong performance in the December 2024 quarter, with Gruyere gold production reaching a record 91,631 ounces, a significant increase compared to the September quarter’s 68,781 ounces. The All-in Sustaining Cost (AISC) per ounce for the quarter dropped to A$1,811, a substantial improvement from A$2,551 in the previous quarter. However, annual gold production from Gruyere slightly missed guidance, totaling 287,270 ounces, with an average AISC of A$2,211 per ounce. For 2025, the company expects Gruyere’s production to range between 325,000 and 355,000 ounces, with an AISC of A$2,400 to A$2,600 per ounce. The company’s financials also showed strong performance, with operating cash flow increasing to $141.7 million, and free cash flow rising to $76.2 million, marking record highs.
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