Gold Road locks in portion of Gruyere’s production

Gold development and exploration company Gold Road, which is building the Gruyere gold mine in a joint venture with South Africa’s Gold Fields, has entered into forward sales with two major banks for up to 200 000 oz of Australian dollar denominated forward sales. To date, the company has locked in forward sales contracts for 25 000 oz at an average price of A$1 705 under the hedging facilities with the banks.