Ramelius Resources (ASX:RMS) share price slides 6.6% as bullion rout hits gold miners
Ramelius Resources shares fell 6.57% to A$4.41 Monday as gold miners slumped on falling bullion prices and higher CME margin requirements. The S&P/ASX 200 dropped nearly 1%, led by losses in materials. Ramelius reported December quarter gold output of 45,610 ounces at an AISC of A$1,977/oz and flagged a A$250 million buyback. Traders await Tuesday’s Reserve Bank of Australia rate decision.