• Completion of mining across Edna May hub; 3.2Mt of high-grade stockpiles at 0.95g/t stockpiled across the Group
• Introduction of high-grade ore from Cue and increasing grades from Penny
• Increased production and A$ gold price driving improved earnings and cash flow

Ramelius Resources Ltd has reported strong financial results for the first half of FY25, with gold production increasing by 19% to 148Koz, driven by the introduction of high-grade ore from the Cue operation and increasing grades from the Penny mine. The company's AISC decreased by 11% to A$1,699/oz, attributable to the higher-grade ore and a greater proportion of production coming from the lower-cost Mt Magnet operation. Revenue increased by 46% to A$508.0 million, EBITDA increased by 119% to A$307.6 million, and NPAT increased by 313% to A$170.4 million, reflecting the improved production, grades, and gold prices. The company's balance sheet remains strong, with cash and gold on hand of A$501.7 million as at 31 December 2024, and the board has declared an interim dividend of 3.0 cents per share, fully franked. Looking ahead, Ramelius has maintained its FY25 gold production guidance of 270,000 - 300,000 ounces at an AISC of A$1,500 - 1,700/oz, and the company is well-positioned for further growth and value creation, with a range of near-term catalysts including the Eridanus underground/open pit and Mt Magnet mill expansion studies, the Rebecca-Roe definitive feasibility study, and potential accretive acquisitions.

FY25 gold production guidance of 270,000 - 300,000 ounces at an AISC of A$1,500 - 1,700/oz.

Ramelius is well-positioned for further growth and value creation, with a range of near-term catalysts including the Eridanus underground/open pit and Mt Magnet mill expansion studies, the Rebecca-Roe definitive feasibility study, and potential accretive acquisitions.