Ramelius Resources Achieves December 2019 Quarter Production Guidance

  • Jan 10, 2020 AEDT
  • Team Kalkine

Ramelius Resources Limited (ASX: RMS) has achieved December 2019 quarter production guidance with 47,902 ounces of gold produced. Also, the company’s gold and cash balance remained strong at $87.7 million at the end of the quarter after substantial investments in exploration and project development.

  • Throughout the first half of the year the company maintained a strong cash balance;
  • The company expected production in between 45,000 to 50,000 ounces.

At AEDT 01:07PM, the stock was trading at $1.270 per share, down by 5.576% from its previous close.

 

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