‘Junior’ 50:50 partner at Gruyere has aspirations to own its own mine
Having previously been the general manager of one of the larger underground mines and one of the larger open-cut mines in Australia, Gold Road managing director Duncan Gibbs has the experience to be running a substantial miner.However, at Gold Road , where he has been at the helm for six years, the company's sole mining asset is its 50% stake in the large Gruyere mine operated by major Gold Fields.
Regarding opportunities in Canada, he acknowledged the Australian resource sector belief that Canadian explorers preferred to drill rather than develop, the corollary of which is there are many more significant gold deposits on offer in that country than Australia.However, he also alluded to the long-dated, often difficult permitting process.And he noted 'renovator's delight'-type situations — ala Evolution's Red Lake — have proven problematic.
Duncan Gibbs Gold Road Greenstone
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