Ramelius Resources Unveils Ambitious 17-Year Mine Plan at Mt Magnet

Ramelius Resources Limited ( (AU:RMS) ) just unveiled an update.

Ramelius Resources Limited has announced a new 17-year mine plan for its Mt Magnet site, projecting a 37% increase in production to 2.1 million ounces of gold. The plan includes significant cash flow generation and a major upgrade to the Mt Magnet mill, enhancing capacity and reducing costs. The company is also advancing its Eridanus project, aiming to establish it as a major gold mine alongside existing operations. These developments are expected to strengthen Ramelius’s market position and deliver substantial returns for shareholders.

More about Ramelius Resources Limited

Ramelius Resources Limited is a mining company primarily engaged in the exploration and production of gold. The company focuses on high-grade gold mining projects, with significant operations at the Mt Magnet and Rebecca-Roe sites in Western Australia.

YTD Price Performance: 25.93%

Average Trading Volume: 28,205

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.98B

For detailed information about RMS stock, go to TipRanks’ Stock Analysis page.