Meanwhile, the company continues to do an excellent job from a mining standpoint, with ore mined also tracking near record highs at 2.12 million tonnes for the quarter. He joined Gold Road Resources in September 2017 and is responsible for the Strategy, Risk, People & Culture and Health, Safety & Environment functions.Gold Road is Pioneering Development of Australia’s Newest Goldfield. It focuses on developing the Yamarna Belt comprising Gruyere, Central Bore and Attila projects. This included Australasian and International project work, and 4 years as the Mine Geology Manager. However, despite this exceptional quarter from an operating perspective, all-in sustaining costs increased to A$1,233/oz from A$1,135/oz.While this might look like a negative headline number, it's important to note that cash costs came in 11% lower for Q2 (A$728/oz vs. A$822/oz), but the higher all-in sustaining costs were attributed to higher royalties, minor COVID-19 related expenditures, and an increase in expenses related to the ongoing tailings dam raise. The great news about this rapidly growing net cash position is the possibilities it opens up for Gold Road when it comes to aggressive exploration and M&A opportunities. Ut vel dictum sem, a pretium dui. It focuses on developing the Yamarna Belt comprising Gruyere, Central Bore and Attila projects. The company reported record gold production of … She has worked in many complex corporate, site and project environments with a focus on risk and reputation and has expertise in strategy, sustainability, risk, stakeholder relations, transformations, corporate affairs including government, indigenous and regulatory, divestments and integrations.Previously Mr Gibbs held management and executive roles at AngloGold Ashanti including most recently General Manager at Sunrise Dam where he led the well-publicised turnaround of one of the largest underground gold mines in Australia.Ms Arnason, FAICD, is an experienced director and senior executive whose career has spanned 30 years in the natural resources, energy and manufacturing sectors with companies including BHP Billiton, Carter Holt Harvey, Svenska Cellulosa AB (SCA) and Wesfarmers, working across various commodities including copper/gold, iron ore, timber, coal, mineral sands and natural gas.She is on the board of not-for-profit organisation Perth Children’s Hospital Foundation and formerly the Chairman of the Northern Australia Infrastructure Facility, a former Director of Western Power and up until recently the former Co-Deputy Chairman of Fortescue Metals Group Limited and former Non-executive Director of NEXTDC Limited.Mr Donaldson (MAIG RPGeo) is a Member of the Australian Institute of Geoscientists and is Registered Professional Geoscientist.Mr Netscher is a Chartered Engineer and holds a BSc in Chemical Engineering, Bachelor of Commerce and an MBA.
She has also previously held senior executive positions at Brookfield Multiplex, ALDAR Properties PJSC, Multiplex, and Citigroup.Mr Jenner holds a Master of Business Administration, Graduate Diploma of Management (Human Resources), Bachelor of Science (Software Engineering), Advanced Diplomas in Health & Safety, Human Resources, Personnel & Operations Management, Diplomas in Project Management, Investigations, Training Design & Development, Training and Assessment.
While Gold Road is stuck at a roughly 140,000-ounce per annum production profile based on a 50% ownership in Gruyere and the mine already near capacity, it could look to grow through an acquisition if the price is right. Meanwhile, Gold Road has a 100% ownership in a 4,400 square-kilometer land package, in addition to its 50% ownership on the tenements surrounding Gruyere. These hedges are at an average price of A$1,847/oz (US$1,311/oz), but they make up only about 23% of gold production going forward. However, despite this increase, the company is still projecting costs to be 15% below the industry average, as shown below.The solid results allowed Gold Road to finish the quarter with a strong net cash position, enabling the company to continue aggressive exploration on regional targets.