Morgans updates estimates to also reflect the strong run in the gold price since the last update. The company’s extra detail is considered conservative but overall the increased estimated production should leave room for a mine life extension.
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Mark Zeptner MD of Ramelius Resources presents at the ShareCafe Mid-Cap Gold Miners Leading The Way Webinar on July 3, 2020. Ramelius currently operates the Mt Magnet, Vivien, Edna May and Marda gold mines and associated processing plants around Western Australia. The Company has enjoyed significant success in recent years with increased gold production and the addition of new assets including the Marda and Tampia Hill gold projects, both also in WA.
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Bullion’s romp beyond the record $2000 an ounce level in Aussie dollar terms has prompted investors to take a closer look at the pantheon of ASX-listed local gold producers – despite some problems in the mid-tier that have tarnished the sector.
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Folks are wondering if Ramelius’ (RMS) switch to Pac-Man mode this week signals the start of a wave of merger and acquisition activity in the junior gold space.
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