Gold miner Ramelius Resources has set a production target of 150 000 oz/y by 2018, after receiving strong support from institutional investors for a A$25-million capital raising.
The company, which produced 110 839 oz in the 2016 financial year and aims to increase that to 135 000 oz in the 2017 financial year, will use the funds from the placement to fast-track multiple project developments at its Mt Magnet mine, in the Murchison region of Western Australia.
