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Ramelius running ahead

RAMELIUS Resources exceeded guidance for the March quarter, producing 58,671 ounces of gold, beating its target of 54,000-58,000oz. It has consistently exceeded guidance for the past several months, since taking on the Edna May operation in September.

Haydn Black
Edna May has been a boon for Ramelius.

Edna May has been a boon for Ramelius.

  Ramelius announced the acquisition for A$40 million cash and up to $50 million of contingent payments, and it appears to have been a good deal, with Edna May again the standout performer contributing...

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