Ramelius Resources Ltd Reports September 2025 Quarterly Results
Key points
- Nil Lost Time Injuries recorded during the Quarter
- Quarterly Group gold production of 55,013 ounces at an AISC of A$1,836/oz
- Cash & gold of A$827.7M, with operating cash flow of A$159.1M and underlying free cash flow of A$129.0M
Full summary
Ramelius Resources Ltd reported its September 2025 Quarterly Activities, with nil Lost Time Injuries recorded during the Quarter. Quarterly Group gold production was 55,013 ounces at an AISC of A$1,836/oz. The company had cash & gold of A$827.7M, with operating cash flow of A$159.1M and underlying free cash flow of A$129.0M. Grades at Cue have reverted back closer to Ore Reserve estimates following several Quarters of outperformance. FY26 Production, AISC and Capital Guidance will be provided as part of the 5-Year Outlook on 28 October 2025. The transformational combination with Spartan Resources was completed on 31 July 2025, with Simon Lawson and Deanna Carpenter joining the Ramelius Board. The Never Never orebody was intersected by underground development on 1 August 2025, and Ramelius exercised its buy-back rights with OR Royalties and Taurus Mining Royalty Fund, reducing these royalties in aggregate from 2.5% to 2.0% over the Dalgaranga Gold Project. Barminco was awarded a four year mining contract at Dalgaranga. Mineral Resources increased by 38% to 12Moz of gold, and Ore Reserves increased by 118% to 2.4Moz of gold. Exploration Guidance was increased to A$80 - 100M, with A$18.8M spent in the Quarter. Significant exploration results were reported across the portfolio, including at Never Never, Pepper, Perseverance South, Hesperus, Mirkwood, and the Rebecca-Roe Gold Project.
Guidance
FY26 Production, AISC and Capital Guidance to be provided as part of the 5-Year Outlook on 28 October 2025.
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