Ramelius Resources Limited Updated the June 2018 Quarter Production Details

Achieved Guidance and Produced 58,285 ounces of gold in the June 2018 Quarter: Ramelius Resources Limited (ASX: RMS) in an update for June 2018 production showed that the company has achieved guidance of 58-62,000 ounces, as it has produced 58,285 ounces of gold from the company’s operations in Western Australia. The company’s cash & gold at bank has increased to A$95.5M at the end of June 2018 quarter. During 2018, RMS has produced 208,118 ounces and the company had given the guidance for production to be 205-215,000 ounces. Further, as at 30 June 2018, the forward gold sales consisted of 140,250 ounces of gold at an average price of A$1,719/oz over the period to November 2019. RMS in the June quarter has done A$8.8M expenditure on capital development. Moreover, RMS’s Edna May open pit Stage 3 and underground mining studies are running in parallel and expected to be completed in the September 2018 Quarter. The ongoing pre-strip of the Shannon open pit, which is ahead of a likely underground project, is currently in the final stages of mine design work and Ore Reserves estimations. Meanwhile, RMS stock has risen 7.62% in three months as on July 6th, 2018  and is trading at a P/E of 16.28x.


Disclaimer

The advice given by Kalkine Pty Ltd and provided on this website is general information only and it does not take into account your investment objectives, financial situation or needs. You should therefore consider whether the advice is appropriate to your investment objectives, financial situation and needs before acting upon it. You should seek advice from a financial adviser, stockbroker or other professional (including taxation and legal advice) as necessary before acting on any advice. Not all investments are appropriate for all people. Kalkine.com.au and associated websites are published by Kalkine Pty Ltd ABN 34 154 808 312 (Australian Financial Services License Number 425376). The information on this website has been prepared from a wide variety of sources, which Kalkine Pty Ltd, to the best of its knowledge and belief, considers accurate. You should make your own enquiries about any investments and we strongly suggest you seek advice before acting upon any recommendation. Kalkine Pty Ltd has made every effort to ensure the reliability of information contained in its newsletters and websites. All information represents our views at the date of publication and may change without notice. To the extent permitted by law, Kalkine Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss or data corruption). If the law prohibits this exclusion, Kalkine Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services. There may be a product disclosure statement or other offer document for the securities and financial products we write about in Kalkine Reports. You should obtain a copy of the product disclosure statement or offer document before making any decision about whether to acquire the security or product. The link to our Terms & Conditions has been provided please go through them and also have a read of the Financial Services Guide. On the date of publishing this report (mentioned on the website), employees and/or associates of Kalkine Pty Ltd do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations.

 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s