0049 GMT - Ramelius Resources' miss on 1Q gold output expectations is weighing on its stock. But Ord Minnett says investors may look through the quarter and focus on more positive news flow, such as its four-year outlook and completed sale of the Edna May mine. Ramelius's stock is down 1.7% at 3.675 Australian dollars, broadly in line with stock movements of other Australian gold miners. Ramelius reported 1Q production of 48,839 oz of gold versus Ord Minnett's expectation of 55,200 oz. "The delta in production was driven by wet weather impacting haulage from the Penny mine to the Mt Magnet mill, which resulted in a stockpile build of 4,300 oz of contained gold at the Penny mine," analyst Paul Kaner says. Ord Minnett had a buy call and an A$4.55 target price on Ramelius ahead of today's update.