Ramelius posts solid quarter
PERTH (miningweekly.com) – Gold miner Ramelius Resources has reported a solid quarter of gold production for the three months to September.
Gold production in the September quarter reached 61 244 oz, which was down slightly from the 67 418 oz reported in the June quarter, while all-in sustaining costs (AISC) increased from A$1 564/oz to A$1 930/oz in the same period, in line with expectations.
The miner told shareholders on Wednesday that an improvement in the AISC was expected for the second half of the financial year, compared with the first half, driven by the increased ore tonnage contribution from the high-grade Penny mine.
Gold sales for the September quarter reached 59 750 oz at an average achieved gold price of A$2 460/oz. At the end of the quarter, forward gold sales consisted of 193 250 oz of gold at an average price of A$2 549/oz over the period July 2022 to December 2024.
Looking ahead at the full year, Ramelius has maintained its production guidance at between 240 000 oz and 280 000 oz at an AISCt of between A$1 750/oz and A$1 950/oz.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
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















