News Articles for Ramelius Resources

Investor interest has swung strongly towards the resources sector this year, but opportunities remain for tech companies aiming to list on the ASX.

Ramelius Resources has raised $25 million from investors to fund a development program in the Murchison region that is targeting a 40,000 ounce increase in gold production by FY18.

Local gold miners Resolute Mining, Saracen Mineral Holdings and Ramelius Resources have hit their production targets for FY16 at lower-than-expected costs.

The local arm of Watpac has won a $45 million contract extension to continue providing mining services to Ramelius Resources' Mt Magnet gold mine.

Swick Mining Services has won two new contracts for work with Independence Group, while the local subsidiary of Queensland firm Hughes Drilling has also picked up more work.

Local gold miners continue to prove there is still money to be made in Western Australia's resources playground, with Northern Star Resources, Metals X, Ramelius Resources and Saracen Mineral Holdings all closing higher on the ASX.

Duncan Coutts has been appointed as the chief operating officer of Ramelius Resources. Mr Coutts is a mining engineer with experience in both open pit and underground mining in Western Australia.

Murchison-focused gold miner Ramelius Resources expects to report a boost in net profit to $28.7 million for the six months to December, on the back of increased sales.

Gold companies Doray Minerals, Ramelius Resources and Saracen Mineral Holdings have posted better-than-expected production results for the December quarter, with the precious metal miners bullish on the next six months.

Gold miner Ramelius Resources has upgraded its full-year production forecast after a better than expected September quarter.

New gold mining projects under way or in advanced planning will collectively deliver more than 1 million ounces to production each year when operational.

The past year has marked a period of major change at many of WA's gold producers in terms of personnel and pay.

Gold is a rare bright light in the mining industry, with major changes during the past two years to be followed by the opening of multiple new mines and more M&A deals. Click through to find the special report, which ranks WA producers, and looks at Gold Corp, executive pay, and new gold projects.

Evolution Mining has recorded record quarterly and annual production on the back of an “outstanding” result at its Edna May mine, adding to the ranks of gold miners to post impressive results this month.

The state government has decided to maintain regulation of regional aviation at a higher level than had been recommended in a review last year.

Michael Bohm will be joining the board of Tawana Resources as a non-executive director from the month of August. Mr Bohm presently sits on the boards of Ramelius Resources and Perseus Mining.

The board of gold miner Ramelius Resources has given its approval to begin mining at the company's Vivien project near Leinster, while also announcing a $10 million facility secured with the Commonwealth Bank of Australia.

Watpac Civil & Mining has won a $17 million contract to provide mining services to Ramelius Resources' Kathleen Valley gold project near Leinster.

Gold miner Ramelius Resources has signed an agreement to farm-in to Clancy Exploration's Condobolin project in New South Wales.

Shares in local gold miners have dominated on the ASX today after the spot price for the precious metal jumped by over 2 per cent overnight to $US1,203.30 an ounce

Shares in gold miner Ramelius Resources have risen for the second time in a week after the company announced it had struck a significant amount of high-grade gold at its Blackmans project in the Murchison region.

Shares in gold producer Ramelius Resources have surged on news it smashed its production guidance for the December quarter, with its Western Australian assets producing at record levels.

PYBAR Mining Services is positioning itself to take on the two dominant contractors in underground mining, after making two acquisitions in Western Australia and being named as preferred contractor for a new mine.

Ramelius Resources has outlined plans to raise up to $8.6 million to fund the development of its Western Australian gold projects.

Gold miners Ramelius Resources and Doray Minerals achieved record quarterly production over the past three months, while Regis Resources' output was hampered by severe weather and flooding at its G

Ramelius Resources will appoint chief operating officer Mark Zeptner to succeed retiring managing director Ian Gordon when he steps down in June after seven years with the gold miner.

Mining and engineering contractors were the biggest losers today when the S&P Dow Jones rebalanced all of its Australian indices, with RCR Tomlinson one of the few to buck the trend.

Troy Resources has become the latest Perth-based miner to take a financial hit on the back of a softer gold price, reporting a half-year net loss of $6.8 million.

Evolution Mining, Resolute Mining and Ramelius Resources have all reported weaker interim earnings after being hit by the impact of a lower gold price.

Western Australia's gold sector is rallying against a potential increase in royalty rates, saying such a move would significantly hurt country towns as well as local producers of the precious metal.

Contractor Watpac Civil & Mining has been appointed by Ramelius Resources to provide mining services at the Coogee open pit gold mine southeast of Kalgoorlie-Boulder.

Ramelius Resources is forging ahead with exploration and development at its newly-acquired Vivien gold deposit near Leinster, launching a $16.3 million capital raising to fund the activities.

Ramelius Resources has secured an agreement to raise $5 million, which it will use to finalise its acquisition of the Vivien gold project from Gold Fields subsidiary Agnew Mining.

Gold producer Ramelius Resources has flagged it is likely to record a before-tax loss of approximately $70 million for the financial year, mainly as a result of big write-downs.

Gold miner Ramelius Resources has launched a strategic review of its current suite of assets, after its board of directors concluded the company's stock was significantly undervalued.

Ramelius Resources has given the final go-ahead for the development of its Western Queen South gold project near its existing Mt Magnet gold mine in the Mid West.

Ramelius Resources has lodged a $2.3 million profit, after revenue from gold sales slipped from $147.6 million in financial year 2011 to $84.1 million in FY2012.

Ramelius Resources has been savaged by investors after releasing a disappointing quarterly production report yesterday.

GOLD miner Norton Gold Fields is aiming to reduce costs at its Paddington operations near Kalgoorlie during the second half of the 2012 financial year to better compete with its low-cash peers.