CAPITAL MARKETS

Ramelius flags solid half year

GOLD miner Ramelius Resources expects to post its second-highest December half-yearly profit of $...

MiningNews.Net

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The company's consolidated half year financial statements will be lodged with the Australian Securities Exchange shortly, on completion of an audit review of its results.

The expected pre-tax profit result is based on gold sales revenue of $45.8 million for the six months to the end of December, versus a pre-tax profit of $47.1 million from gold sales of $83.6 million for the corresponding period in 2010.

Shares in Ramelius were up 0.45% or 0.5c in morning trade to $1.125.

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