https://www.miningweekly.com

Ramelius refines full year expectations

28th April 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Ramelius Resources has refined its full year production expectations to between 275 000 oz and 280 000 oz, from the previous guidance of between 260 000 oz and 280 000 oz.

The ASX-listed miner on Wednesday reported that group gold production for the June quarter was expected to reach between 65 000 oz and 70 000 oz, at an all-in sustaining cost range of between A$1 240/oz and A$1 340/oz.

Capital expenditure for the June quarter has been targeted at some A$31.2-million, including A$7-million on project development at the Tampia operation, A$14.8-milion on development of the Penny mine, as well as A$6.9-million on exploration.

Ramelius previously reported that group gold production for the March quarter had reached 66 029 oz, which was within the guidance of between 65 000 oz and 70 000 oz, with all-in sustaining costs for the quarter reaching A$1 370/oz.

Quarterly gold sales in the three months to March reached 65 420 oz, generating sales revenues of A$146.7-million from an average gold price of A$2 242/oz, with cash and gold on hand at the end of the quarter reaching A$230.

Edited by Creamer Media Reporter

Comments

The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at subscriptions@creamermedia.co.za.

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?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION