Ramelius misses June quarter production target
PERTH (miningweekly.com) – Gold miner Ramelius Resources has missed out on its production target for the June quarter by mere ounces, reporting on Tuesday that gold production during the three months reached 29 859 oz, compared with the guidance of between 30 000 oz and 34 000 oz.
This is the second consecutive quarter that Ramelius missed out on its production forecast, after producing 28 083 oz during the March quarter.
During the June quarter, the Mt Magnet operation produced 18 504 oz of gold, with the Vivien mine producing the balance of 11 355 oz of gold.
Ramelius MD Mark Zeptner told shareholders that the company was well placed heading into the new financial year, with the Water Tank Hill underground deposit now developed and ready for production.
The Titan deposit was also performing well, Zeptner said, while mining at the Blackmans openpit, at the Mt Magnet operation, has been completed and was undergoing rehabilitation. The Vivien operation has settled close to its steady-state production level, he added.
With the miner missing its gold production guidance for the June quarter, unit costs for the period are expected to be slightly higher than the guidance of A$1 200/oz.
Comments
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