Why the Gascoyne (ASX:GCY) share price is racing 6% higher

The Gascoyne Resources Ltd (ASX: GCY) share price is surging today after the company released its latest production update for its Dalgaranga Gold Project.

At the time of writing, the gold miner’s shares are up 6.38% to 50 cents. In contrast, most gold mining companies have seen their share price fall today due to the weakening price of gold overnight.

How did Gascoyne perform?

The Gascoyne share price is breaking the trend today after the company delivered a robust result, reaching the upper range of its previously forecasted guidance.

For the December quarter period, Gascoyne achieved production of 20,381 ounces of gold. This represents a total of 40,695 ounces of the precious metal for the entire first-half of the 2021…