Australia's Ramelius Resources hits near 4-year high on strong FY results

Ramelius Resources

26/08/2024 02:01

** Shares of Ramelius Resources  RMS.AX  rise as much as
3.4% to A$2.16, their highest level since Nov 9, 2020
    ** Gold miner's FY24 net profit after tax attributable rises
more than 250% while revenue from ordinary activities jumps 40%
    ** Says results underpinned by strong gold sales
    ** Proposes dividend of 5 AU cents per share for FY24 higher
than 2.0 AU cents last year
    ** Stock up 24% YTD as of last close 
   

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))