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The latest announcement is out from Ramelius Resources Limited ( (AU:RMS) ).
Ramelius Resources Limited announced a record underlying free cash flow of A$174.5 million for the December 2024 quarter, primarily due to outstanding gold production of 85,311 ounces. The company attributes this success to the inclusion of high-grade Cue ore at the Mt Magnet mill, which has surpassed expectations. Looking ahead, Ramelius is working on ongoing studies at the Eridanus and Mt Magnet mills, with an updated Mt Magnet Mine Plan expected to incorporate these findings and further enhance production. This continued operational progress positions Ramelius strongly in the gold mining sector.
More about Ramelius Resources Limited
Ramelius Resources Limited is a gold mining company based in Western Australia. The company owns and operates several gold mines including Mt Magnet, Penny, Cue, Edna May, Marda, Tampia, and Symes. Ramelius processes ore from these sites at its Mt Magnet processing plant, blending underground and open pit sources. The company is also involved in the Rebecca-Roe Gold Project, with a Pre-Feasibility Study completed and further plans for a Definitive Feasibility Study.
YTD Price Performance: -2.59%
Average Trading Volume: 6,081
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.52B
For a thorough assessment of RMS stock, go to TipRanks’ Stock Analysis page.
