The latest billion dollar business on the ASX

By Jonathan Jackson. Published at Jul 8, 2019, in Features

The ASX has a new billion dollar company.

Gold Road Resources (ASX:GOR) joined the exclusive billion dollar club, when its shares reached $1.14 on Friday 5 July.

The rise in share price and its market cap milestone, came on the back of joint venture partner, South Africa’s Gold Road, pouring its first gold bars at the Gruyere (yes, named after the cheese) Gold Project in Western Australia.

Gruyere’s first gold pour comprised three bars containing an estimated 1,139 ounces — worth about $2.2 million at today's gold price.

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