https://www.miningweekly.com

Ramelius to miss full year target

23rd June 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Ramelius Resources has warned that it is likely to fall short of its production target of between 260 000 oz and 265 000 oz for the 2022 financial year.

The miner said on Thursday that operations have been impacted by more persistent rain than forecast, as well as ongoing staff shortages owing to Covid/influenza outbreaks, and owing to a lower-than-forecast head grade from Tampia.

Instead, the production target has now been set at between 255 000 oz and 260 000 oz for the full year, based on gold outturn received this week and updated road haulage and head grade estimates.

Ramelius told shareholders that despite the revised production guidance, it was too early to provide a view on the projected all-in sustaining costs for the full year, however, the company believed that there would be little change from the previous guidance of between A$1 475/oz and A$1 525/oz for the full year.

Edited by Creamer Media Reporter

Comments

The functionality 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