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Ramelius exceeds gold production guidance in Q4 2020

Vladimir Basov

Kitco News

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(Kitco News) - Ramelius Resources (ASX: RMS) today announced that it has exceeded the December 2020 quarter production guidance range with 72,896 ounces of gold output. 

Ramelius said that its quarterly gold production from two operations was 72,896 ounces that exceeded a guidance set between 67,000 - 72,000 oz.

Mt Magnet operation (incl. Vivien) produced 43,055 ounces and Edna May (incl. Marda) complex mined 29,841 ounces.

The company also said that its balance sheet remains strong with cash and gold of A$221.5M and a reduced debt figure of A$8.1M as at the end of the quarter, giving a net cash position of A$213.4M. 

The movement in net cash and gold, excluding the dividend and stamp duty payments, showed an increase of A$34.5M over the quarter.  The company finished the quarter with a net cash position of A$213.4M (Sep 2020 Qtr: A$205.7M).

Ramelius Resources is a Western Australian gold producer that has been listed on the ASX since 2003 and in production since 2006.

Ramelius currently operates the Mt Magnet, Vivien, Edna May and Marda gold mines and associated processing plants around Western Australia.

By Vladimir Basov

For Kitco News

Contact vbasov@kitco.com
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