PERTH (miningweekly.com) – Gold miner Ramelius Resources has hit its production targets for its twelfth consecutive quarter, producing 31 367 oz of gold during the three months ended December.
The miner said on Wednesday that the quarterly production was well within the guided 31 000 oz to 35 000 oz previously provided to the market.
“Effectively three years of achieving production guidance is an excellent performance by the operations team, which has no doubt provided a reliable foundation for the company going forward,” said Ramelius MD Mark Zeptner.
“Ramelius has successfully completed Kathleen Valley and commenced both Blackmans and Water Tank Hill during the quarter, and we continue the discipline of delivering into our lowest priced forward gold sales as they become due.”
The Mt Magnet operation contributed 12 674 oz during the quarter, while the Vivien mine delivered 16 524 oz and the Kathleen Valley operation a further 2 169 oz. All three mines are located in Western Australia.
Zeptner noted that on the exploration front, and in line with the company’s A$15-million budget this year, there has been a noticeable ramp-up in activity at both the Mt Magnet and Vivien operations, which would continue until at least the end of June.
Edited by: Creamer Media Reporter
EMAIL THIS ARTICLE SAVE THIS ARTICLE
ARTICLE ENQUIRY
To subscribe email subscriptions@creamermedia.co.za or click here
To advertise email advertising@creamermedia.co.za or click here
