Ramelius hits record gold production at Mt Magnet

THE DRILL SERGEANT: Ramelius Resources (ASX: RMS) has advised the market of the production numbers for the recently-completed September quarter.

Ramelius said the company’s Mt Magnet gold project in Western Australia had achieved record production for the quarter.

Gold production from Mt Magnet for the quarter was 18,245 ounces of fine gold, which Ramelius claims compares favourably to production of 17,211 fine ounces in the June, 2013 quarter.

There was no milling of Western Queen South high-grade open pit ore during the quarter, but Ramelius indicated this was anticipated to begin this month with ore deliveries to the mill commencing from the end of next week.

Ramelius expects to achieve higher gold production of 21,000 to 23,000 ounces of gold at Mt Magnet for the December 2013 quarter.