Ramelus unveils plans for next four years

May 25, 2017

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Gold miner Ramelius Resources has revealed a new life-of-mine (LOM) plan for its combined Mt Magnet and Vivien operations, in Western Australia, which would see some 545 000 oz recovered over the next four years, starting in 2018, before any underground extensions would be required.

The miner this week said that the group’s production profile showed a slight increase in production from 2017, from 126 000 oz to 130 000 oz, with LOM averages expected to be around 135 000 oz/y while on the growth curve towards the targeted 150 000 oz/y production level.

Category: General