0040 GMT - Gold Road's positive maiden study for the satellite Gilmour project adds incremental value and options for the miner near the Gruyere operation in western Australia that it owns with Gold Fields, says RBC Capital Markets analyst Alex Barkley. "The processing integration of Gilmour remains an uncertainty, but ultimately we find it a decent mining option that could add to GOR's regional value and flexibility," he says in a note. RBC has a sector perform call and A$2.30 target on Gold Road. The stock is up 1.5% at A$2.425. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)
(END) Dow Jones Newswires
January 19, 2025 19:41 ET (00:41 GMT)
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