Konrad Forrest
ramelius truck

Ramelius Resources Limited (ASX:RMS) announced today that production Guidance for the June 2016 Quarter has been exceeded with 32,752 ounces of gold produced from the Company’s operations in Western Australia. Ramelius also exceeded previously Upgraded Guidance for FY2016 with a total of 110,839 ounces of gold produced. Production came from their 3 operations Mt Magnet, Kathleen Valley and Vivien. Ramelius cash on hand now stands at close to $A50M. Mark Zeptner today said: “An excellent quarter from the operations teams, bouncing back strongly after a slightly lower March 2016 Quarter. We have finished the 2016 financial year above 110,000 ounces of gold production and will further build on this with 135,000 ounces in FY2017. Our Vivien mine is now commencing stope production and will have a significant impact on our gold production and bottom line margins going forward. On the exploration front, we have effectively doubled our budgeted total expenditure to A$10M, in order to further grow the mine life of our existing assets and also accelerate work on our newly granted tenements in the Tanami.”