Ramelius posts strong first half

Higher gold grades and higher achieved sales prices has seen gold miner Ramelius Resources report a 329% increase in net profits after tax for the six months ended December.

The miner on Monday reported that net profits after tax for the interim period had increased from the A$4.8-million reported in the first half of 2019, to A$20.5-million, while earnings before interest, tax, depreciation and amortization (EBITDA) increased from A$50-million to A$65.9-million.