Ramelius Produces 48,839oz, Holds FY27 Gold Guidance

Ramelius (ASX:RMS)' September quarter report shows lower production after wet weather held up ore haulage from Penny, while the company says it remains on track for FY27 guidance.

Gold production was 48,839 ounces at an AISC of A$2,656/oz. At 30 September, a Penny stockpile of 29kt at 4.52g/t, holding 4,202 ounces of contained gold, would otherwise have been processed in the quarter and is expected to be processed next quarter. Cash and gold rose to A$768 million from A$650 million at June 2026, with operating cash flow of A$186 million and underlying free cash flow of A$62 million after sustaining capital of A$52 million, growth capital of A$53 million, exploration of A$23 million and income tax payments of A$14 million. The sale of Edna May to Forrestania Resources completed for A$300 million, made up of A$210 million in cash and approximately A$90 million in shares, and Ramelius now owns 9.4% of FRS. Full year guidance is 205,000 to 225,000 ounces at an AISC of A$2,150 to 2,350/oz, with production planned to increase quarter-on-quarter. An EPC contract was awarded to Primero for the new 3Mtpa Circuit 2 at Mt Magnet, and buybacks of A$15 million in the quarter took the total to A$156 million of the A$250 million program.

Estimated income tax of A$45 - $55 million on the Edna May sale is anticipated to be payable in December 2026. Roe has EPA Part V works approval, but the associated mining approvals are still to be obtained.