Costs and grade depress Ramelius profit

WHILE Western Australia-focused gold miner Ramelius Resources delivered a profit for the six months to December 31, its performance was impacted by lower grades at its Mount Magnet operations, haulage restraints, and the cost inflation that has been creeping across the Australian mining sector in recent times.

Costs and grade depress Ramelius profit Costs and grade depress Ramelius profit Costs and grade depress Ramelius profit Costs and grade depress Ramelius profit Costs and grade depress Ramelius profit
While EBITDA was relatively steady at A$188 million, off just 3%, its net profit after tax was 10% lower at $73 million and underlying NPAT was down 32% to $53.