2208 GMT - The option value for Gold Road's Gilmour gold deposit lies in feeding the Gruyere processing plant if other ore sources aren't available, Jefferies says. Analyst Mitch Ryan says existing feed from the Gruyere open pit, Gruyere underground mine and Golden Highway are likely to have a higher priority. "Gilmour creates opportunity in the blending and feed strategy for the broader Gruyere project, facilitating flexibility in the broader mine plan," he says. Gold Road yesterday outlined an ore reserve of 1.5 million tons grading at 4.1 grams of gold per ton. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
January 20, 2025 17:08 ET (22:08 GMT)
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