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The latest announcement is out from Ramelius Resources Limited ( (AU:RMS) ).
Ramelius Resources Limited reported a significant financial performance for the first half of fiscal year 2025, with a 313% increase in net profit after tax to A$170.4 million and record gold production of 147,775 ounces. The company achieved a record operating revenue of A$508 million, a 46% increase from the previous year, and saw strong cash flow, enabling a maiden fully franked interim dividend of 3.0 cents per share. The results reflect increased production, lower unit costs, and a higher gold price, with expectations of further improvements in AISC in the second half of FY25.
More about Ramelius Resources Limited
Ramelius Resources Limited is a mining company primarily engaged in the exploration, development, and production of gold. The company operates in the Western Australia region and focuses on high-grade ore mining, particularly at the Mt Magnet hub, which processes ore from the Penny and Cue mines.
YTD Price Performance: 15.93%
Average Trading Volume: 6,729
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.91B
For a thorough assessment of RMS stock, go to TipRanks’ Stock Analysis page.
