Ramelius Resources achieves annual guidance with 192,182 ounces
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- Ramelius Resources achieved its full-year production guidance for the sixth consecutive year, producing 192,182 ounces of gold.
- The company generated underlying free cash flow of $649.6 million.
- Production was driven by ramped-up haulage rates at Dalgaranga and progress at the Never Never underground mine.
Gold producer Ramelius Resources (ASX:RMS) achieved its full-year production guidance by delivering 192,182 ounces of gold.
The total fell within the forecast range of 185,000 to 205,000 ounces following a 40% quarterly output surge.
The company generated $649.6 million.
Management stated that an upcoming $131 million stamp duty payment for the Spartan acquisition remains due in July.
Following the announcement, the Ramelius Resources share price was down at $2.99.
Operational growth was supported by underground production ramp-ups and open-pit advancements at the Never Never asset.
The company also refined its portfolio by executing a definitive agreement to divest the Edna May gold hub.
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