Ramelius sees 22% increase in earnings

Gold miner Ramelius Resources has reported a 22% increase in earnings before interest, taxes, depreciation and amortisation (Ebitda) to A$49-million for the six months to December 31, compared with Ebitda of A$40.3-million in the six months to December 2015. Revenue was up 38% to A$106.3-million for the period under review on the back of a 31% increase in gold production, which reached 67 546 oz.