PRODUCTION UPDATE
Ramelius Resources Limited (ASX: RMS) (“Ramelius”) provides the following update on the
gold production estimate for FY22.
Due to more persistent rain than forecast, especially recently, on some of the haulage routes
to both the Mt Magnet and Edna May operations, ongoing staff shortages due to COVID /
influenza and a lower than forecast head grade from Tampia, it is expected that gold
production for FY22 will fall marginally short of the current guidance range of 260,000 –
265,000 oz. This is despite the best efforts of the Ramelius and contractor teams in a
challenging operating environment across the Western Australian resources industry.
The production estimate for FY22, based on gold outturns received this week and updated
road haulage and head grade estimates, has been revised down to 255,000 to 260,000 oz.
Despite the revised production guidance, it is presently too early to provide a definitive view
on the All-In Sustaining Costs for FY22; however, at this stage there is no reason to expect
a change from the previously provided range of A$1,475 – $1,525/oz, though likely at the
higher end.
Ramelius will confirm the actual results for FY22 and provide guidance for FY23 when the
June Quarterly report is released later in July.
This ASX announcement was authorised for release by the Board of Directors.
Ramelius Resources Limited (ASX: RMS) (“Ramelius”) provides the following update on the
gold production estimate for FY22.
Due to more persistent rain than forecast, especially recently, on some of the haulage routes
to both the Mt Magnet and Edna May operations, ongoing staff shortages due to COVID /
influenza and a lower than forecast head grade from Tampia, it is expected that gold
production for FY22 will fall marginally short of the current guidance range of 260,000 –
265,000 oz. This is despite the best efforts of the Ramelius and contractor teams in a
challenging operating environment across the Western Australian resources industry.
The production estimate for FY22, based on gold outturns received this week and updated
road haulage and head grade estimates, has been revised down to 255,000 to 260,000 oz.
Despite the revised production guidance, it is presently too early to provide a definitive view
on the All-In Sustaining Costs for FY22; however, at this stage there is no reason to expect
a change from the previously provided range of A$1,475 – $1,525/oz, though likely at the
higher end.
Ramelius will confirm the actual results for FY22 and provide guidance for FY23 when the
June Quarterly report is released later in July.
This ASX announcement was authorised for release by the Board of Directors.
courtesy of Bell Direct
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DYOR
i hold RMS
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