Ramelius Gold Project Remains Key, Despite Study Disappointment -- Market Talk

Dow Jones

Dec 17, 2024

2342 GMT - Ramelius Resources' Rebecca-Roe gold-mining project is shaping up to be less lucrative than expected, Macquarie analysts say. Prefeasibility study results suggest a lower NPV--by about A$121 million--than Macquarie previously estimated. Still, the project remains key to maintaining Ramelius's current production longer term, "by acting as a replacement hub for the soon-to-cease Edna May operations," they say. The study points to a higher production rate but also higher operating costs than Macquarie anticipated. First production is also roughly nine months later than expected. Macquarie keeps an outperform rating but trims target on the stock by 4% to A$2.60. Ramelius is up 1.1% at A$2.245, clawing back a little of Monday's 3.5% fall. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

December 16, 2024 18:42 ET (23:42 GMT)

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2492271006"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2492271006\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2492271006?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-17 07:42","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492271006","market":"other","top_or_hot":-1,"title":"Ramelius Gold Project Remains Key, Despite Study Disappointment -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2342 GMT - Ramelius Resources' Rebecca-Roe gold-mining project is shaping up to be less lucrative than expected, <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> analysts say. Prefeasibility study results suggest a lower NPV--by about A$121 million--than Macquarie previously estimated. Still, the project remains key to maintaining Ramelius's current production longer term, \"by acting as a replacement hub for the soon-to-cease Edna May operations,\" they say. The study points to a higher production rate but also higher operating costs than Macquarie anticipated. First production is also roughly nine months later than expected. Macquarie keeps an outperform rating but trims target on the stock by 4% to A$2.60. Ramelius is up 1.1% at A$2.245, clawing back a little of Monday's 3.5% fall. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 16, 2024 18:42 ET (23:42 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ramelius Gold Project Remains Key, Despite Study Disappointment -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nRamelius Gold Project Remains Key, Despite Study Disappointment -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-12-17 07:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     2342 GMT - Ramelius Resources' Rebecca-Roe gold-mining project is shaping up to be less lucrative than expected, <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> analysts say. Prefeasibility study results suggest a lower NPV--by about A$121 million--than Macquarie previously estimated. Still, the project remains key to maintaining Ramelius's current production longer term, \"by acting as a replacement hub for the soon-to-cease Edna May operations,\" they say. The study points to a higher production rate but also higher operating costs than Macquarie anticipated. First production is also roughly nine months later than expected. Macquarie keeps an outperform rating but trims target on the stock by 4% to A$2.60. Ramelius is up 1.1% at A$2.245, clawing back a little of Monday's 3.5% fall. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 16, 2024 18:42 ET (23:42 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7104","symbol_name":"黄金","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492271006","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492271006","pubTimestamp":1734392520,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2342 GMT - Ramelius Resources' Rebecca-Roe gold-mining project is shaping up to be less lucrative than expected, Macquarie analysts say. Prefeasibility study results suggest a lower NPV--by about A$121 million--than Macquarie previously estimated. Still, the project remains key to maintaining Ramelius's current production longer term, \"by acting as a replacement hub for the soon-to-cease Edna May operations,\" they say. The study points to a higher production rate but also higher operating costs than Macquarie anticipated. First production is also roughly nine months later than expected. Macquarie keeps an outperform rating but trims target on the stock by 4% to A$2.60. Ramelius is up 1.1% at A$2.245, clawing back a little of Monday's 3.5% fall. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7104":"黄金","BK7506":"金矿股","RMS.AU":"RAMELIUS RESOURCES LTD"},"translate_title":"尽管研究令人失望，但Ramelius金矿项目仍然是关键——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RMS.AU":0.9},"content_text":"2342 GMT - Ramelius Resources' Rebecca-Roe gold-mining project is shaping up to be less lucrative than expected, Macquarie analysts say. Prefeasibility study results suggest a lower NPV--by about A$121 million--than Macquarie previously estimated. Still, the project remains key to maintaining Ramelius's current production longer term, \"by acting as a replacement hub for the soon-to-cease Edna May operations,\" they say. The study points to a higher production rate but also higher operating costs than Macquarie anticipated. First production is also roughly nine months later than expected. Macquarie keeps an outperform rating but trims target on the stock by 4% to A$2.60. Ramelius is up 1.1% at A$2.245, clawing back a little of Monday's 3.5% fall. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 16, 2024 18:42 ET (23:42 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}