Ramelius exceeds gold production guidance

Company News

by Anna Napoli

Ramelius Resources (ASX:RMS) has exceeded its guidance and produced over 52.6 thousand ounces of gold in December 2018.

The gold miner's cash and gold balance sheet is at a record level of $108.1 million at the end of the quarter.

Managing Director Mark Zeptner says the operations team have delivered an excellent result with a 200 000 ounce run-rate achieved for the 5th consecutive quarter.

Its been a busy half year for  Ramelius with it's takeover of rival miner, Explaurum about to complete.

Shares in Ramelius Resources (ASX:RMS) are trading 5 per cent higher at $0.53.