Shares in Ramelius Resources Limited
(ASX:RMS) jumped more than 30 per cent in morning trade after reporting record quarterly output results.
The gold miner says it exceeded gold production guidance by 13 per cent in the December quarter and cash and gold on hand lifted 49 per cent in the second half of 2014.
Ramelius says the results were achieved on the back of record production from its Mt Magnet operation in Western Australia.
CEO Mark Zeptner says guidance has now been achieved or exceeded for the third quarter running and the equities markets cannot ignore the new fundamentals of the business.
Ramelius Resources reported a net loss of $85.51 million in the 2014 financial year.
