Gold Road Resources does not plan to improve a takeover bid for Western Australia gold explorer Apollo Consolidated after Ramelius Resources trumped its initial offer.
Gold Road Resources hopes to grow its development pipeline with the Lake Rebecca gold project in Western Australia after offering $166 million to acquire Apollo Consolidated.
Gold Fields and Gold Road Resources are managing another shutdown of the processing plant at the Gruyere gold mine joint venture (JV) in Western Australia after facing similar troubles in June.
Gold Road Resources has managed a barrage of processing plant issues at the Gruyere gold joint venture in Western Australia to achieve $129.6 million in revenues during the first half of 2021.
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Gold Road Resources all-in sustaining cost has risen to $1659 per ounce in the June quarter after facing processing plant issues at the Gruyere joint venture in Western Australia.