The Rise in Silver Prices and What it Means for Gold Road

Dear Readers,

As silver was in the spotlight last week, it’s worth noting that our Gold Road Mine in Arizona also benefits significantly from rising silver prices as we prepare to commence production in September.

Gold Road has historically achieved a 1:1 gold-to-silver ratio. However, we will begin production from the Tom Reed tailings, which have a 2:1 silver-to-gold ratio – meaning we will benefit even more from silver price movements.

This higher silver content is due to historical practices: Between 1908 and 1932, when Tom Reed operated, the mill prioritized gold recovery over silver recovery, leaving a significant amount of silver in the tailings. This 2 million-ton high-grade deposit, which has been there for over 100 years, is now ready for processing in our mill.

Members of the Gold Road Team — General Manager Jim Cooley in a red shirt with some members of his team. Archie and Jamie Willetts (2nd and 3rd from left) are visiting the site as part of their summer internship with our Corporate Team.

We are also very optimistic about gold and believe it will rise to $5,000 per ounce by year-end, which should pull silver prices above $60. Higher silver sales flow directly into Gold Road’s bottom line. Click here to find out why we are so confident in this forecast.

Following the success of our 50-cent seed round, Jim and the team are now moving forward rapidly. We will announce our IPO vehicle this week and expect Gold Road to be listed on the TSXV within the next three to four months. As the only permitted gold (and silver) mill in the state of Arizona, we look forward to resuming production.

The Gold Road Team's Parking Lot — *The Gold Road parking lot on Route 66 is full as we continue to hire staff to prepare for the first gold and silver pour in September.*

A big thank you to everyone who supported the seed round – we are now valued at just CAD 6 million, compared to replacement costs of CAD 100 million. And even if you had the money, getting a permit for something like this today would be a gamble – not to mention one that is already in place, as in our case. That’s the beauty of acquiring fully developed mines.

With our first gold pour in September and a subsequent production increase to 20,000 ounces of gold per year – and even more silver – Gold Road is just getting started, and the upside potential is enormous.

Sincerely,

Jeremy Gray
CEO | Gold Road Inc
Jeremy.Gray@GoldRoadUSA.com

Edward Balme
IR Manager | Gold Road Inc
Edward.Balme@GoldRoadUSA.com

Schedule a meeting: https://calendly.com/goldroad/

Max Beck
Head of IR | Gold Road Inc
Max.Beck@GoldRoadUSA.com

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