Gold miner Ramelius reduces cash costs

GOLD producer Ramelius Resources has reduced its cash costs and achieved record quarterly production.

Shares in the company were flat at 11 cents at 1530 AEST as investors remained unimpressed with the WA mining company's high costs.

Ramelius produced 27,653 fine ounces of gold in the three months to March 31, at a total cash cost of $1,213 per ounce, down from $1,450 in the December quarter.

The company expects to produce 19,000 to 20,000 ounces of gold at its Mt Magnet operation, while Burbanks is expected to produce 6,000 ounces of gold in the June quarter.

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