Valletta, November 3, 2026.
Gold Road International plc ("Gold Road") reports on its unaudited production
figures for October 2026.
Gold Road processed 11.306 tons of feed in total. The feed included 5.285 tons
from the Gold Road Mine (ore) and 6.021 tons of residues from legacy mining
operations at the Tom Reed Mine (tailings).
14.569 grams of gold were poured as doré (468 ounces).
The timing of the gold pour is influenced by lag effects, batch structuring of
sections of the processing and of the gold pour.
11.978 grams of gold were adsorbed onto activated carbon after leaching and the
recovered gold, measured as the difference between head and tail grade at Gold
Road, was 14.991 grams.
About 257 tons of underground ore are stockpiled on the surface as of 31.
October 2026. The company applies the shrink stoping approach. Shrink stoping
implies that the miners extract ore from the bottom up in horizontal slices,
blasting the rock overhead. About 80% of the broken ore is left in the stope as
a temporary platform to drill the next slice, before being extracted when the
whole section (stope) is completed. This is an effective method, though
influencing the timing of the gold extraction and processing.
The underground mining operations have been running continuously in a 24/7 shift
schedule since mid-October.
The mill throughput per hour fell, as ore requires longer grinding time.
The ball mill restart project is progressing. The discharge side trunnion has
been manufactured, while the plan is to cast the feed side trunnion early
November 2026 with installation planned for late December 2026. The
manufacturing of the second filter press line is about to be completed.
The gold recovered in October 2026 originated, among others, from remnant mining
in the 500 East section, in 4201, from the development of the Y-stope and the
970 section and from reprocessing of tailings from the Tom Reed Mine.
Shrink stope mining is currently done in the Y-stope and in 4201, and the 970
section has been prepared for shrink stope mining. Mining is also progressing
towards the East at the 500 level, now extending mining operations further East
than ever before. Additionally, previously mined ore is hauled from multiple
sections.
A review of sections accessible for remnant mining has been conducted,
identifying sections to be mined in 2027 and the years thereafter. An
AI-supported pilot to process data from a subsection of the 100.000 or so assays
available at the mine has been completed, see presentation on the company's
website.
For graphs and addittonal information, please see the attachment to this
message.
For further information, see www.goldroadplc.com
Nils P. Skaset
CEO
Telephone: +47 951 88 154
Email: nils.skaset@goldroadplc.com
Nils P. Skaset\
CEO\
Telephone: +47 951 88 154\
Email: nils.skaset@goldroadplc.com\