A new appointment at Gold Road
Gold Road Resources has welcomed Brian Massey as the new general manager of investor relations and corporate development.
Massey steps in after serving as head of investor relations at Santos. Prior to that, he worked across large and small-cap ASX- and TSX-listed resources companies such as Rio Tinto, BHP and Turquoise Hill Resources
Gold Road managing director and chief executive officer Duncan Gibbs said he was excited to see what Massey will bring to the company.
“Brian’s extensive experience in the resources sector and deep relationships in capital markets both in Australia and overseas will prove highly beneficial for Gold Road,” he said.
“With our 50 per cent ownership of the world-class Gruyere gold mine and a strategic 17.3 per cent shareholding in De Grey Mining, Gold Road is set for an exciting future at a time of heightened global interest in quality investment opportunities in the Australian gold sector.
“Debt free and unhedged, Gold Road has a clearly defined and articulated strategy to deliver value to all shareholders through disciplined investment in growth while maintaining our enviable track record as a consistent payer of dividends.”
In other news, Gold Road recently rejected an unsolicited takeover offer from Gold Fields, its 50:50 joint venture partner at the Gruyere gold mine.
The proposal would have seen Gold Fields secure 100 per cent of Gold Road shares for $3.05 per share, valuing Gold Road value at $3.3 billion.
While Gruyere saw lower-than-expected production for the March 2025 quarter, the mine is still projected to produce 325,000–355,000 ounces in 2025.