Gold Road considering funding options for Gruyere
PERTH (miningweekly.com) – ASX-listed Gold Road Resources on Monday told shareholders that it was considering a number of funding mechanisms to develop the Gruyere gold project, in Western Australia, including the formation of a joint venture (JV).
The company was responding to weekend reports that suggested Gold Road was seeking a buyer for a 30% to 40% stake in the Gruyere project.
Gold Road noted that while it had granted a number of Australian and overseas mining companies due diligence access to facilitate JV proposals, these discussions were at an early stage and remained incomplete.
In addition to the potential JV discussions, the company was also reviewing its short-term debt funding options, including debt, equity and mezzanine funding structures, to meet early deposit commitments that would be required on long lead-time capital assets for the Gruyere project, and was engaging with a number of banks around traditional debt and equity project financing structure.
A recent prefeasibility study into the Gruyere project estimated that the project would require a capital investment of A$455-million to deliver some 265 000 oz of gold over an initial mine life of 12 years.
The project development was based on a single large openpit mine and a conventional carbon-in-leach plant with a throughput of between 7.5-million tonnes and 8.8-million tonnes a year.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















