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Ramelius beats production targets

5th January 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Gold miner Ramelius Resources has exceeded its production expectations for the quarter ended December.

Production guidance for the quarter had been set at between 67 000 oz and 72 000 oz, with the miner on Tuesday reporting that 72 896 oz of gold had been reduced in the three months under review.

Gold production for the six months to December had also exceeded the expectations of between 132 000 oz and 142 000 oz, with Ramelius producing 144 240 oz during this period.

The company on Tuesday told shareholders that its balance sheet remained strong at the end of the quarter, with cash and gold of A$221.5-million, while its debt had been reduced to A$8.1-million, giving the company a cash position of A$213.4-million.

Edited by Creamer Media Reporter

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