Ramelius Resources Limited (AU:RMS) Achieves Record Gold Production
Ramelius Resources Limited has recently announced a significant milestone with record gold production of 86,928 ounces in the March 2024 quarter. This exceeded the company’s guidance and was achieved at a low all-in sustaining cost (AISC) of A$1,344 per ounce. This impressive performance has prompted an upgrade in the full-year production forecast to a range of 285,000 – 295,000 ounces. With a strong cash position and substantial gold reserves, Ramelius Resources Limited expects to surpass A$500 million in financial standing by June 2024, potentially setting a new annual production record.
Insights into AU:RMS Stock Performance
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Additional Insight: Ramelius Resources Limited’s impressive operational performance and strong financial outlook indicate a positive trajectory for the company in the coming months. The record gold production and upgraded production forecast showcase the company’s ability to deliver results and capitalize on favorable market conditions. Investors may view Ramelius Resources Limited as an attractive opportunity for potential growth and returns in the gold mining industry.
