Things looking up for Ramelius

GOLD miner Ramelius Resources expects to return to profit due a higher gold price and increased production.

Ramelius has forecast a pre-tax profit of $5.7 million for the six months to December 31, and revenue of $67 million.

The West Australian miner suffered a loss of $85.5 million in the 2013-14 financial year, and a $50.8 million loss in the prior year.

The company recently lifted its full year production guidance for 2014-15 after increasing its output in the three months to December.