Streetbeat News

ELKMF

Gold Road Resources Limited

http://www.goldroad.com.au/

CEO

Duncan Roderick Gibbs

Industry

Gold Ore Mining

Open

1.25

Mkt cap

1.2B

Volume

High

1.25

P/E Ratio

19.17

52-wk high

1.31

Low

1.15

Div yield

0.01

52-wk low

0.95

Gold Road (OTCPK: ELKMF), an Australian gold producer, is considering acquiring a stake in Greenstone Gold Mines, a joint venture between Equinox Gold (AMEX:EQX) and Orion Resource Partners. This interest comes amid rising gold prices due to geopolitical tensions and inflation fears. However, Gold Road's recent operational challenges at its Gruyere mine, including production shortfalls and increased costs, have made investors wary, especially with rumors of the Greenstone acquisition's high cost potentially exceeding $650 million. Gold Road's share price fell 6.59% following the news.

Portfolio Pulse from Stjepan Kalinic

April 15, 2024 | 4:16 pm

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