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Ramelius Resources (ASX: $RMS) acquires Cue Gold Project

Ramelius Resources Limited 2024 Half-year Report


Ramelius Resources Limited (ASX: $RMS) has released its 2024 half-year report, covering the period ended 31 December 2023. The company reported a production of 124,047 ounces of gold at an All-in Sustaining Cost (AISC) of A$1,899 per ounce. The guidance for the 2024 financial year has been upgraded to 265,000 - 280,000 ounces at an AISC of A$1,750 - 1,850 per ounce. The report also includes the acquisition of Musgrave Minerals Limited and its primary asset, the Cue Gold Project.

Executive Commentary


The acquisition of Musgrave Minerals Limited and its primary asset, the Cue Gold Project, marks a significant milestone for Ramelius Resources. This strategic move aligns with our commitment to expanding our operations and enhancing shareholder value. The Cue Gold Project, with its substantial Mineral Resource estimate, presents a valuable addition to our portfolio and is expected to contribute significantly to our future growth.

Summary of 2024 Half-year Report


Ramelius Resources Limited's 2024 half-year report highlights a successful period with increased gold production and a lower AISC. The acquisition of Musgrave Minerals Limited and the Cue Gold Project is expected to play a pivotal role in the company's future. The report also outlines the company's strong financial performance, robust balance sheet, and ongoing exploration and development projects, positioning it for continued success in the gold mining sector.

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