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MINT0272A-FP A4 RefinerOfChoice.indd 1 11/3/20 4:00 pm
MINT0272A-FP A4 RefinerOfChoice.indd 1 Forum in Kalgoorlie, Ramelius 11/3/20 4:00 pm
Resources Ltd was a contender to
add the GMJ Miner of the Year to its
growing list of recent achievements.
Now recognised as an ASX200
company, Ramelius recorded a
420% increase in NPAT for FY2020
and has its sights firmly set on
joining the exclusive 300,000 ozpa
gold producer’s club in the near
future.
“Ramelius have been making silk
purses from sows’ ears for quite
a while now…they’ve kept an eye
on their costs, all the while being
aggressive on the exploration and
Tim McCormack acquisition front,” Carter said.
“The drill result the other day of
245m @ 3 g/t gold from 259m is one of the best we’ve seen
Less than a year after pouring first gold at Sanbrado in
this year and it’s right under a new pit in an old area, so it has
Burkina Faso, West African was a strong contender for Miner
the potential to add significantly to the production and mine
of the Year in its first year eligible for the award and only three
life and just shows there is still life in those old assets yet.
years after being crowned Explorer of the Year.
“They’re very good at generating cash, conserving cash,
Despite having switched operations on just days before the
paying dividends and I think they’ll move up into that mid-tier
onset of the coronavirus pandemic, the Richard Hyde-led
space vacated by Saracen [Mineral Holdings Ltd].”
company has not missed a beat – a point noted by Regis
Burnett also noted the “very impressive” discovery track
Resources Ltd non-executive director Lynda Burnett.
record by Gold Fields Ltd at the Johannesburg-based
“I’m impressed that they managed to get into production on
company’s Australian assets in recent times which she said
time and under budget in a COVID-constrained world,” she
was contributing to the consistent replacement of reserves
said.
year-on-year, while head grades remained strong.
“They have made advanced debt payments as well and their
Leading producers and former winners Saracen, Northern
exploration results down-plunge at the underground are very
Star Resources Ltd and Evolution Mining Ltd also received
impressive, with big step outs.”
honourable mentions for their respective years, with Atkins
While Perseus and West African won over the judges with commenting that each continued to set the pace for the next
their operational excellence in 2020, International Women in
group of aspiring mid-tier miners.
Mining director Alex Atkins cited room for improvement for
“Northern Star and Saracen, this is a beautiful story in the
both companies on the diversity front.
power of local people pulling together, bringing assets back
“When I looked at West African’s website, I couldn’t see any into local hands and probably creating much more value out
faces that were female, so that straight away gives me a red
of those assets than would have been created by overseas
traffic light and I’d like to see them improve that,” she said ownership that doesn’t have an emotional connection,” Atkins
“Perseus did have some faces and Lee-Anne de Bruin being said.
the new chief financial officer was one, but they currently don’t “I think that Northern Star and Saracen will make the KCGM
have any female directors on their board, so again there’s an operations 1.5-2 times better than what Newmont [Corp] and
opportunity. Barrick [Gold Corp] would have done and it also gives all of
“There’s been lots of research done on the benefits of diversity the School of Mines graduates from WA something to look up
in your team and it does lift performance; you actually do and aspire to. They’ve just seen two guys [Bill Beament and
financially perform better if you have a diverse team.” Raleigh Finlayson] from rural WA become global superstars.”
Fresh from surprising many by taking out the prestigious
Digger of the Year at the annual Diggers & Dealers Mining

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