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Ramelius sets record production

6th July 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – Gold miner Ramelius Resources has reported a record full year of production for the 12 months ended June, along with a strong June quarter result.

The ASX-listed company on Tuesday said that gold production for the full year reached a record 272 109 oz, which was in line with the guided 275 000 oz to 280 000 oz.

The full year gold production compared with the 230 426 oz delivered in the 2020 financial year.

For the quarter, gold production reached 61 840 oz, which was also in line with the guidance of between 65 000 oz and 70 000 oz, with the Mt Manet operations producing 35 208 oz during the quarter and Edna May contributing 26 632 oz.

The June quarter production was down slightly from the 66 029 oz delivered in the previous quarter.

Ramelius told shareholders that several minor issues had a cumulative impact on gold production at the Edna May operation during the June quarter, including numerous rainfall events in the region which reduced haulage volumes from the Marda operation, along with periodic personnel shortages which impacted production from the Edna May underground operation, as well as a Covid-19 related lockdown at the end of the month.

The miner is expected to release its full quarterly results later this month.

Edited by Creamer Media Reporter

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