- Ramelius Resources reported its fiscal Q1 results this week with another blowout quarter, beating production guidance and revenue growth up 125% year-over-year.
- The strong results helped by record gold prices allowed the company to bolster its net cash position to above A$200 million, while also reducing its debt further.
- Ramelius continues to be one of the gold producers in the sector consistently beating estimates with industry-leading margins in a safe jurisdiction.
- I continue to believe that any dips below A$1.90 will be low-risk buying opportunities, and I see the stock as a top-10 gold producer in the sector.
For further details see:
Ramelius Resources: Another Blowout Quarter In Q1