Ramelius Lifts FY30 Outlook to 560-610koz

Ramelius (ASX:RMS) Resources has updated its medium-term outlook and set FY27 guidance, lifting forecast FY30 production as it funds Mt Magnet plant expansion and Rebecca-Roe early works.

FY30 group production is now forecast at 560 to 610koz at an AISC of A$2,100 to 2,400/oz, an 11% production increase on the October 2025 plan and 205% growth compared with FY26 production. FY27 Guidance is 205 to 225koz at an AISC of A$2,150 to 2,350/oz. Total growth capital expenditure for FY27 is A$480 to 570 million, with updated total Mt Magnet plant expenditure now expected at A$280 million (previously A$223 million) for inflationary impacts, greater fixed price coverage and infrastructure enhancements to enable future mill capacity above the planned 4.3Mtpa. Ramelius says growth plans are fully funded and will generate free cash flow of up to A$1.5Bn in FY30 at A$5,500/oz, with current cash, gold and investment holdings in excess of A$1Bn. Primero has been selected as EPC contractor for the new 3Mtpa second circuit at Mt Magnet. Mt Magnet FY27 Guidance is based exclusively on Ore Reserves. The Mt Magnet 4-Year Outlook to FY30 is a Production Target based on 88% Ore Reserves (94.5% Indicated Mineral Resources and 5.5% Inferred). The Rebecca-Roe 4-Year Outlook to FY30 is a Production Target based upon Ore Reserves only.

Inferred Mineral Resources carry a low level of geological confidence and there is no certainty the Production Target will be realised.