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.

Independence Group NL (ASX:IGO) has mined the first development ore at the Company’s Nova Project in Western Australia. The mining of first ore is an important milestone for IGO as it progresses construction and development of the world class nickel-copper-cobalt project. The Project was 90% complete as at the end of May 2016 and remains on schedule, and on budget, to commence production of nickel and copper concentrates in December 2016.

Fear and uncertainty in markets around the world gave a major lift to Gold Miners in Australia. Australian miners benefited from both a rising US gold price and a dropping Australian dollar. Australian Miners Newcrest Mining, Northern Star, Evolution and Saracen Minerals stocks were trading between 8.5% and 12.5% higher. The Australian gold price reached a high close to $1850 during the day.

Doray Minerals recently commenced gold and copper production at its newly acquired Deflector Project, Australia’s newest high‐grade gold/copper mine, located in the southern Murchison region of Western Australia. The first shipment totalled approximately 500 dry tonnes of concentrate produced from oxide material mined from the open pit to date. Following progression of the open pit and firing of the portal, underground access has recently commenced.

Millennium Minerals advise today that it is well on track to reach production guidance and generated $7.1 million in free cash flow (before financing activities) in the March quarter.

Federal Reserve Chair Janet Yellen's helped to set a new gold record for its strongest three-month performance in nearly 30 years. Yellen expressed caution over higher U.S. interest rates going forward which encouraged safe-haven buying. Gold as a non-interest yielding asset benefits from lower interest rates. Gold traded as high as $US1241.

ASX listed Saracen gives the Thunderbox Goldmine in Western Australia an A$65 million thumbs up for development.
 
The good news comes after the completion of a feasibility study, which will now make Thunderbox the first major gold project to reopen in WA this year and a mid-tier gold producer that will see production double to around 300,000 ounces per annum by 2017.

Sirius Resources steams ahead on Australia’s big day, to schedule and with $30 million in capital savings. With no compromise on quality or contract specification, this clearly signals the company is serious in undertaking high quality mining projects in the current economic climate.

After a less than glowing 2014, gold prices are on the move in 2015, up to$A1556.2 from a low of around $A1320 in October of last year. With some good production and exploration success it looks like 2015 should be a bright new year for Australian gold miners.
Northern Star, a Shining Example

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