Ramelius misses June quarter production target

Gold miner Ramelius Resources has missed out on its production target for the June quarter by mere ounces, reporting on Tuesday that gold production during the three months reached 29 859 oz, compared with the guidance of between 30 000 oz and 34 000 oz. This is the second consecutive quarter that Ramelius missed out on its production forecast, after producing 28 083 oz during the March quarter.