Capital costs for the Gruyere gold joint venture (JV), in Western Australia, has increased from the initial estimates of A$507-million to A$532-mllion, following an engineering, procurement and construction review by the JV partners.
ASX-listed Gold Road Resources on Wednesday told shareholders that since the JV was formed with South Africa’s Gold Fields, the partners have been working on detailed reviews of the feasibility study, which has resulted in a number of improvements and enhancements to the project.
