Ramelius forecasts loss, boosts production

RAMELIUS Resources says two significant write-downs may result in a $A70 million pre-tax loss for financial 2013, but expects production to increase 34% in the coming year.

Ramelius forecasts loss, boosts production Ramelius forecasts loss, boosts production Ramelius forecasts loss, boosts production Ramelius forecasts loss, boosts production Ramelius forecasts loss, boosts production

The miner confirmed it would likely report a write-down in the carrying value of its assets of $58 million in response to the fall in the price of gold and a strategic assessment of future exploration