If gold has one reputation it is that it is a very cyclical commodity
–
in favour one moment, out of favour the next, depending on
currency rates or events in any number of world trouble spots.
One thing that does not change is underlying global demand
–
a point not lost on Ramelius Managing Director, Ian Gordon,
a gold devotee for much of his professional career.
“
We have watched the gold price over 2012 and 2013 rise
and fall and rise again,” Mr Gordon says. “It plays havoc with
mine planning and the upside or downside of gold mining,
whether for new or established mines. The trick is to keep a
close eye on your costs, have a pipeline of new projects coming
through, and stay focused purely on gold and your objectives.
“
Gold has a golden future – witness its steadfast place in
history, culture and as a country’s financial backstop, not just
over decades, but over centuries. No other commodity has such
a rich tapestry and connection with the public interest and
economic wellbeing.”
For Mr Gordon and his Ramelius team, their future
increasingly spans a wider number of projects in the rich
pickings of Western Australia’s eastern and central goldfields.
Fast forward to 2014, and the outlook for Ramelius looks
positive. The East Perth-based mining outfit is one of WA’s
few gold developers boasting a financial and operating cache
underpinned by strong fundamentals. Mr Gordon numbers
Multiple projects for
Ramelius’ rich pickings
Ian Gordon
Managing Director
Ramelius Resources Ltd
Surveyor Rory MacFarlane-
Barrow at Mt Magnet mine
Mt Magnet’s Western Queen South open pit
GoldenhorizonsWIDEN
Minesite 2013
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