March 2025 Quarter Update Record Underlying Free Cash Flow
| Stock | Ramelius Resources Ltd (RMS.ASX) |
|---|---|
| Release Time | 3 Apr 2025, 8:19 a.m. |
| Price Sensitive | Yes |
Record Underlying Free Cash Flow of A$223M
- Quarterly gold production of 80,455oz
- Cash and gold balance of A$657.1M
- Maiden interim dividend (fully franked) of A$0.03 per share
Ramelius Resources Ltd has reported a record underlying free cash flow of A$223M for the March 2025 quarter, up from A$174.5M in the previous quarter. Gold production for the quarter was 80,455oz, down from 85,311oz in the December 2024 quarter, with 67,464oz from the Mt Magnet hub and 12,991oz from the Edna May hub. The company ended the quarter with a cash and gold balance of A$657.1M, up from A$501.7M in the previous quarter. Ramelius also announced a maiden interim dividend (fully franked) of A$0.03 per share, with a payment date of 17 April 2025. Additionally, Ramelius and Spartan Resources Limited have entered into a binding Transaction Implementation Deed, under which Ramelius will acquire all of the issued ordinary shares of Spartan that it does not already own, with the proposed implementation date in late July / early August 2025. Ramelius' Managing Director, Mark Zeptner, stated that the company looks forward to integrating its business with Spartan during the September 2025 quarter, following completion, and the subsequent release of an Integrated Study of Mt Magnet / Dalgaranga.
Ramelius looks forward to integrating its business with Spartan during the September 2025 quarter, following completion, and the subsequent release of an Integrated Study of Mt Magnet / Dalgaranga.