Ramelius lands within guidance
PERTH (miningweekly.com) – ASX-listed Ramelius Resources has hit its production targets in the three months to December, with the company reporting 47 902 oz of gold production.
The quarterly production was right within the targeted 45 000 oz to 50 000 oz, and was an increase from the 44 182 oz produced in the previous quarter.
Ramelius on Friday told shareholder that the Mt Magnet mine delivered 30 230 oz of gold in the December quarter, while the Vivien operation contributed 7 726 oz and the Edna May mine contributed 9 946 oz.
“The operations team continues to deliver consistent results, with production guidance achieved once again while investing in new projects and exploration,” said Ramelius MD Mark Zeptner.
“We have maintained a strong cash balance throughout the first half of the year and will look to grow this strongly in the second half.”
Zeptner said that the start of mining at Marda was a significant milestone for the company, with Ramelius also looking forward to the development of the Greenfinch and Tampia projects, in due course.
“We have excellent exploration results at Eridanus, with significant resource growth and look forward to further exploration success at a number of our projects in early 2020. Drilling has already recommenced at Tampia South, Symes Find and Eridanus.”
Cash and gold on hand at the end of the December quarter reached A$87.7-million, after significant investments into the company’s assets.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















