Australia's Ramelius Resources gains but set for weekly fall on lower output
BUZZ-Australia's Ramelius Resources gains but set for weekly fall on lower output ** Shares of Australia's Ramelius Resources RMS.AX up as much as 1.1% at A$3.75
** Gold prices stronger on the day on softer dollar and easing yields GOL/
** Shares of gold miner, however, set for worst weekly performance since Sept 14; on course for weekly drop of 3.9%
** The gold miner had previously reported preliminary Sept-quarter production of 48,839 ounces, compared with 55,013 ounces a year earlier
** Production was marginally impacted by wet weather, co added
** Stock down 10.2% YTD
(Reporting by Shravya Marakini in Bengaluru)
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