Gold Road secures $150m in funding

NEAR-term producer Gold Road Resources has signed a revolving $100m finance facility and a $50m dedicated working capital and gold hedging agreement for development and exploration activities.

The funds will be utilised for exploration at its Yamarna tenements and the development of its 50:50 Gruyere gold project joint venture in WA.

“These finance facilities are a prudent move as we transition the company from being an explorer with a development asset to an Australian mid-tier gold producer with significant exploration upside and the financial capability and flexibility to grow further,” Gold Road chief Ian Murray said.