Gold Road has been through some bumps recently, but it’s now recovering nicely.
The company holds a 50% stake in the tier-1 Gruyere Gold Mine in WA, and after some production hiccups, it’s now looking at a sustainable 175,000ozpa production rate starting in 2025 (on a 50% basis).
GOR’s underperformed some of its peers during the gold price rally, but once production stabilises and it shows that Gruyere’s back on track, the stock could take off, said Bell Potter.
It’s an opportunity to get in before the market fully catches on, Bell Potter said. Buy, Price Target $2.55.
GOR Price at posting:
$2.06 Sentiment: Buy Disclosure: Not Held
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