Ramelius Resources Limited (AU:RMS) has released an update.
Ramelius Resources Limited reported a robust quarterly performance with a notable underlying free cash flow of A$89.6 million, driven by gold production of 62,444 ounces. The company has commenced ore mining ahead of schedule at Cue and is planning a mill expansion at Mt Magnet aimed at boosting production and reducing costs. Additionally, Ramelius has increased its stake in Spartan Resources to 18.35%, indicating aggressive growth strategies.
For further insights into AU:RMS stock, check out TipRanks’ Stock Analysis page.
