PRODUCTION UPDATE – FULL YEAR 2021

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    HIGHLIGHTS
    • Record Full Year gold production of 272,109oz (Guidance 275,000 – 280,000oz)
    • June 2021 Quarterly gold production of 61,840oz (Guidance: 65,000 - 70,000oz)
    • Cash and gold balance of A$234.0M (Mar 2021 Qtr: A$230.6M)
    Ramelius Resources Limited (ASX: RMS) (“Ramelius”, “the Company”) wishes to advise that
    despite producing slightly below Guidance for the June 2021 Quarter with 61,840 ounces of gold,
    it has produced a Company Record of 272,109 ounces for FY2021 which is above the mid-point of
    the original Guidance of 260,000 – 280,000 ounces, set at the start of the financial year.
    Importantly, the full year AISC is expected to remain within the latest Guidance of A$1,280 –
    1,330/oz.
    A provisional update on operations and finance follows.
    OPERATIONS
    Group Quarterly gold production of 61,840oz (Guidance: 65,000 - 70,000oz):
    • Mt Magnet (incl. Vivien) – 35,208oz
    • Edna May (incl. Marda) – 26,632oz
    During June 2021, several minor issues had a cumulative impact on gold production at the Edna
    May production centre. In particular, numerous rainfall events in the region reduced haulage
    volumes from the Marda operation, periodic personnel shortages impacted production from the
    Edna May underground operation, and the COVID-19 related lockdown at the end of the month
    limited the Company’s ability to over-achieve late in the Quarter.
    Ore haulage from the Tampia gold mine to the Edna May processing facility commenced on 1st July
    2021, as scheduled by the Company. The Tampia haul route is predominantly sealed and therefore
    will be impacted less than the Marda route, which includes a 100km gravel section, during rainfall
    events.
    FINANCE & FORWARD GOLD SALES
    Cash and gold on hand increased to A$234.0M as at the end of the Quarter (Mar 2021 Qtr:
    A$230.6M) after the final repayment on the finance facility of $8.1M and continued investment into
    the development of Ramelius’ portfolio.
    The movement in net cash and gold, showed an increase of A$11.5M over the Quarter. The
    Company finished the Quarter with a net cash position of A$234.0M (Mar 2021 Qtr: A$222.5M).
    Ramelius continues to deliver gold into its forward sales book as the current schedule requires,
    with a Quarter end position of 206,000 ounces at an average price of A$2,335/oz.
    Further details will be available in the full Quarterly Report later this month. This ASX
    announcement was authorised for release by the Board of Directors.

    courtesy of Bell Direct
    =========================================================================

    DYOR

    i hold RMS .. a fairly recent buy

    hmmm a miss , will it cause a big enough dip to tempt me for a second bite

  2. 82.9k
    Posts

    PRODUCTION UPDATE
    Ramelius Resources Limited (ASX: RMS) (“Ramelius”) provides the following update on the
    gold production estimate for FY22.
    Due to more persistent rain than forecast, especially recently, on some of the haulage routes
    to both the Mt Magnet and Edna May operations, ongoing staff shortages due to COVID /
    influenza and a lower than forecast head grade from Tampia, it is expected that gold
    production for FY22 will fall marginally short of the current guidance range of 260,000 –
    265,000 oz. This is despite the best efforts of the Ramelius and contractor teams in a
    challenging operating environment across the Western Australian resources industry.
    The production estimate for FY22, based on gold outturns received this week and updated
    road haulage and head grade estimates, has been revised down to 255,000 to 260,000 oz.
    Despite the revised production guidance, it is presently too early to provide a definitive view
    on the All-In Sustaining Costs for FY22; however, at this stage there is no reason to expect
    a change from the previously provided range of A$1,475 - $1,525/oz, though likely at the
    higher end.
    Ramelius will confirm the actual results for FY22 and provide guidance for FY23 when the
    June Quarterly report is released later in July.
    This ASX announcement was authorised for release by the Board of Directors.

    courtesy of Bell Direct
    =========================================================================

    DYOR

    i hold RMS

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