THE BOURSE WHISPERER: Ramelius Resources (ASX: RMS) announced it has exceeded the guidance range and produced record gold production at the company’s operations in Western Australia.
Ramelius Resources declared gold production of 58,012 ounces (Guidance: 51-55,000 ounces) in the December 2017 quarter.
The breakdown of contributions came from:
Mt Magnet 23,352 ounces;
Vivien 13,283 ounces; and
Edna May’s first contribution to the Group of 21,377 ounces.
“I am delighted to provide this update showing that Ramelius has attained our targeted annualised production rate of over 200,000 ounces,” Ramelius Resources managing director Mark Zeptner said in the company’s announcement to the Australian Securities Exchange.
“This record quarter exceeded guidance due to the hard work and focus by our operations teams across our three sites, including the newly acquired Edna May gold mine.
“I look forward to continuing this positive trend and solidifying our position as a growing mid-tier gold producer.”