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RMS - Ramelius Resources

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PRODUCTION UPDATE
Ramelius Resources Limited (ASX: RMS) (“Ramelius”) provides the following update on the
gold production estimate for FY22.
Due to more persistent rain than forecast, especially recently, on some of the haulage routes
to both the Mt Magnet and Edna May operations, ongoing staff shortages due to COVID /
influenza and a lower than forecast head grade from Tampia, it is expected that gold
production for FY22 will fall marginally short of the current guidance range of 260,000 –
265,000 oz. This is despite the best efforts of the Ramelius and contractor teams in a
challenging operating environment across the Western Australian resources industry.
The production estimate for FY22, based on gold outturns received this week and updated
road haulage and head grade estimates, has been revised down to 255,000 to 260,000 oz.
Despite the revised production guidance, it is presently too early to provide a definitive view
on the All-In Sustaining Costs for FY22; however, at this stage there is no reason to expect
a change from the previously provided range of A$1,475 - $1,525/oz, though likely at the
higher end.
Ramelius will confirm the actual results for FY22 and provide guidance for FY23 when the
June Quarterly report is released later in July.
This ASX announcement was authorised for release by the Board of Directors.

courtesy of Bell Direct
=========================================================================

DYOR

i hold RMS
 
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Fwiw, Tony Locantro picked RMS as one of his two Buys on 'The Bull' 10 July
His other Buy pick being Far East Gold (FEG)
I hold RMS and do not hold FEG (won't be either - one of its projects is in Indonesia)
Also he picks NST as a Hold.


Screenshot_20220711-183125_Chrome.jpg
 
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Costs costs costs. Shocking guidance for FY23:

FY23 PRODUCTION GUIDANCE
Gold Production & AISC Guidance
Group gold production Guidance for FY23 is 240,000 – 280,000 ounces at an AISC of A$1,750 – 1,950/oz with the Half Year breakdown by major ore source shown below in Figure 6 (assuming mid-point). The AISC for FY23 will be adversely impacted by the underlying inflationary pressures seen in the industry but also from the depletion of high grade / lower cost ore sources such as the Shannon and Vivien underground mines.

Held
 
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Explosive commentary on Ramelius and gold stocks generally is pending.
An All Data Monthly chart as crap as this and the m.d gets 1.82m performance shares vested into full shares for nothing.

big - 2022-09-05T123008.195.gif

 
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Yeah wel
Explosive commentary on Ramelius and gold stocks generally is pending.
An All Data Monthly chart as crap as this and the m.d gets 1.82m performance shares vested into full shares for nothing.

View attachment 146361


lts a tough gig being the md of a publicly listed company.
but as long as you get all the esg ducks lined up, you pass with flying colours.
its not his fault that despite meeting all the ESG KPI’s for the year, the market thinks its a dog.
mick
 
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I sold 70% of my RMS shares in August 2019 at $1.34 and the rest a bit higher later. My biggest gold share winner since St Barbara in 1994. As to now it is the good gold price in Aussies versus a big rise in costs mainly diesel and pay rates. The AUD is now over $1.50 versus the greenback. At some stage the USD will stop rising though it always goes on and on before an equally long reversal.

If you think President Putin will hold up his hands and say enough is enough we are pulling permanently out of Ukraine then buy lorry loads of RMS and others. If he sends short range nukes at targets in Ukraine then you need to put on your guessology hat and work out what will happen to the gold price - unfortunately as the USA will not be targeted by Putin the USD will rise even further so we could see AUD2 to the USD1.

Everything appears to be a gamble as USA and Canadian gold shares hit 2022 lows. Are they very close to the floor or yet to fully capitulate?

Live Ramelius price back to 2015: http://www.advfn.com/p.php?pid=staticchart&s=ASX:RMS&p=9&t=27
Smack on the red line makes the share price tantalising. There is also an equally tantalising one not inked in at 45c and dare it plunge back below 5c? It looks like our own personal call!

Live gold price back to 2015 in USD: https://uk.advfn.com/p.php?pid=staticchart&s=PM^XAUUSD&p=9&t=1
Live gold price back to 2015 in AUD: https://uk.advfn.com/p.php?pid=staticchart&s=PM^XAUAUD&p=9&t=1
 
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Thank you RMS! This is all I wanted to see (took me until page 19....) Used to be very common slide to find in the quarterly reports of small-scale miners but over recent years it's been vanishing. AISC @ $1930 for Q1 which from memory is a significant increase on last year but at least they are treading water and not burning through cash (but they are burning through their resource).

Anyways, I'm digging but I'm not finding any miners (other than some big ones) which are pumping out the genuine free cash flow yet.
1667181803338.png
 
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Upcoming catalyst.. Penny Gold Project in WA (high-grade low-cost mine) is currently under development with first ore scheduled in early FY2023 (will improve profitability margin's considerably imo)


P.S. RMS finished up strongly today @ 0.805c +6.62%
 
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Upcoming catalyst.. Penny Gold Project in WA (high-grade low-cost mine) is currently under development with first ore scheduled in early FY2023 (will improve profitability margin's considerably imo)


P.S. RMS finished up strongly today @ 0.805c +6.62%
that was because i took my eye off it last week

( i do hold RMS but had been watching it to add extra )
 
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Upcoming catalyst.. Penny Gold Project in WA (high-grade low-cost mine) is currently under development with first ore scheduled in early FY2023 (will improve profitability margin's considerably imo)


P.S. RMS finished up strongly today @ 0.805c +6.62%
RMS now @ 0.865c +5.49% (with an open gap @ 0.89c-0.90c to fill)

Cheers tela :)
 
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Upcoming catalyst.. Penny Gold Project in WA (high-grade low-cost mine) is currently under development with first ore scheduled in early FY2023 (will improve profitability margin's considerably imo)


P.S. RMS finished up strongly today @ 0.805c +6.62%
Terrific day as RMS finished @ 0.93c +8.77% :)

$1+ here we come next week!

Cheers tela :)
 
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The importance of central banks purchasing a record 400 tonnes of gold in the September '22 quarter for an estimated US$20 billion lies in fact the buyers are also the institutions which control the world’s paper currencies.

Central banks are buying Gold at the fastest rate since 1967 which ought to be a reason for investors to think about their position because the institutions which print paper currencies are loading up with something else – the ultimate reserve currency.

 
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