CAPITAL MARKETS

Ramelius flags solid half year

GOLD miner Ramelius Resources expects to post its second-highest December half-yearly profit of $A23 million driven by the performance of its Wattle Dam underground mine in Western Australia.

MiningNews.Net
Ramelius flags solid half year

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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