Ramelius Resources Limited (ASX: RMS) has updated on gold production estimate for FY2022. The Company highlighted that as a result of more persistent rain than projection, on some of the haulage routes to Mt Magnet and Edna May operations, continuing staff shortages due to COVID / influenza plus a lower than forecast head grade from Tampia, gold production for FY2022 will drop marginally short of the present guidance range of 260,000 – 265,000 oz. It has now been revised in between 255,000 to 260,000 oz.
At AEST 11:27 AM, RMS shares are trading at AU$1.002, down 8.027% from the previous close.
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