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ELKMF - Gold Road Resources: A Look At The Q4 Results
Gold Resources Ltd Ord
We’re finally through the Q4 and FY-2019 earnings season for the gold miners (GDX), with all-in sustaining costs for FY-2019 coming in at $978 for the industry average. Fortunately, for Gold Road Resources (ELKMF) investors, the company isn’t interested in being average and had an exceptional first quarter as one of Australia’s newest gold producers. The company’s all-in sustaining costs came in at A$1,102/oz, equivalent to U$672/oz, earning the company a spot as one of the highest-margin gold producers in the sector for FY-2019.