• Record gold production of 147,775 ounces
• Record operating revenue of A$508M, up 46%
• Record net profit after tax of A$170.4M, up 313%

Ramelius Resources Limited (ASX: RMS) has reported on its financial and operational performance for the half-year ended 31 December 2024, achieving several new records. The company produced a record 147,775 ounces of gold at an AISC of A$1,699/oz, a 19% increase compared to the prior corresponding period. This was driven by the high-grade ore combination of Penny and Cue processed at the Mt Magnet hub. Reported AISC for the half-year was 11% lower than H1 FY24 and is expected to decrease further in the second half of FY25 as Cue ore is processed at Mt Magnet for the full six-month period. Ramelius reported record operating revenue of A$508M, up 46% from H1 FY24, and a record EBITDA of A$307.6M, up 119%. Net profit after tax reached a record A$170.4M, a 313% increase compared to the prior corresponding period. The company generated record cash flow from operations of A$327.3M, up 177%, and record underlying free cash flow of A$264.1M, up 417%. As of 31 December 2024, Ramelius had a strong cash and gold position of A$501.7M. The company is on track to achieve its FY25 guidance of 270,000 - 300,000 ounces at an AISC of A$1,500 - 1,700/oz.

Ramelius is on track to achieve FY25 Guidance of 270,000 - 300,000 ounces at an AISC of A$1,500 - 1,700/oz.

Ramelius is looking forward to releasing the Eridanus and the mill expansion studies, further enhancing the Mt Magnet mine plan, in the near future. In H2 FY25, the company's exploration efforts will shift to greenfield exploration with a focus on Penny targets below the existing shallow ore bodies, Cue to the north of cross-cutting structure focused on Break-of-Day style targets, and the Galaxy mine at depth.