UPDATE 2.30pm: Gold miner Ramelius Resources has posted a full-year loss of $50.8 million, mainly attributable to asset writedowns.
The result compared with a $2.3 million profit the previous year.
The company's underlying loss was $7.5 million, compared to an $18 million underlying profit the previous year.
Revenue was up 61 per cent to $135.6 million on a 64 per cent jump in production sales to 86,284 ounces.
The company held a cash balance of $33.8 million at the end of the period, down from $48.7 million the previous year.
Ramelius attributed the result to the fall in the gold price and increased production-related expenditure and investment in ramping up its Mt Magnet project to full production.Shares in the company were up two cents, or 11.43 per cent, to 19.5 cents at the close.