Ramelius Resources June 2019 Quarterly Activities Report

Company News

by Anna Napoli

Ramelius Resources (ASX:RMS) has announced group gold production of 47,342 ounces at an AISC of A$1,106/oz for the June quarter.

Full year financial year 2019 production was 196,679 ounces at an AISC of A$1,192/oz.

Cash and gold as at 30 June 2019 of A$106.8 million.

The miner has provided financial year 2020 guidance of 205 - 225,000 ounces at an AISC of A$1,225 – 1,325/oz.

Group gold production for the September 2019 Quarter is expected to be between 43,000 – 48,000 ounces at an AISC of A$1,375 – 1,475/oz.

Ramelius says it was another busy Quarter  with the completion of a new 1 million ounce life-of-mine plan and construction of several new underground and open pit operations whilst still attaining production guidance.

The FY20 year is expected to be a record production period for the Company.

Shares in Ramelius Resources (ASX:RMS) are trading 1.69 per cent higher at 91 cents.