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Rambler CEO: revised mine plan starting to pay off

Published: 16:34 22 Jun 2015 AEST

The chief executive of Rambler Metals & Mining (LON:RMM), Norman Williams, explains how the firm’s Ming mine is operating at a profit once more thanks to lower production costs.

The third quarter saw Rambler implement a series cost cutting measures and a revised fiscal mine plan at the copper-gold site in Newfoundland, Canada.

That helped net profit after tax for period reach US$1.3mln, which compares with a loss of US$4.3mln for Q2/15.

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