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$23m pre-tax profit

Kalgoorlie Miner February 16, 2012, 9:55 am

Kambalda gold miner Ramelius Resources expects a $23 million half-year pre-tax profit.

The company says the result – the second highest December half-yearly profit in its history – is an excellent outcome given lower production in the December 2011 quarter and demonstrates the high profitability of the company’s Wattle Dam underground gold mine.

The expected consolidated pre-tax profit of $23m is based on gross gold sales revenue of $45.8m for the six months to December 31, compared to pre-tax profit of $47.1m from gold sales of $83.6m for the December 2010 half-year.


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