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Ramelius Resources Limited ( (AU:RMS) ) just unveiled an update.
Ramelius Resources Limited has announced the results of its Never Never Pre-Feasibility Study and the Mt Magnet-Dalgaranga Integration Study, highlighting a significant increase in production capacity. The company plans to expand the Mt Magnet processing plant to a 5Mtpa capacity, which will include two separate comminution circuits to optimize gold recovery. This expansion is expected to position Ramelius as a leading gold producer in Australia, with a target of producing 380,000 ounces by FY30. The integration of the Never Never deposit and the plant upgrade will ensure cost-effective operations and enhance the company’s market positioning.
The most recent analyst rating on (AU:RMS) stock is a Buy with a A$5.25 price target. To see the full list of analyst forecasts on Ramelius Resources Limited stock, see the AU:RMS Stock Forecast page.
More about Ramelius Resources Limited
Ramelius Resources Limited is a company in the mining industry, primarily focused on gold production. The company is known for its operations in Western Australia, with a market focus on expanding its production capacity and integrating new resources to enhance its output.
YTD Price Performance: 73.87%
Average Trading Volume: 15,261,672
Technical Sentiment Signal: Buy
Current Market Cap: A$6.74B
For detailed information about RMS stock, go to TipRanks’ Stock Analysis page.