• Ramelius Board approves up to A$250 million share buyback program
• Minimum dividend increased to 2 cents per share per annum
• Capital allocation priorities focused on re-investment, shareholder returns, and balance sheet strength

Ramelius Resources Limited (ASX: RMS) has announced that its Board has approved up to A$250 million in share buybacks and an increase in the minimum dividend to 2 cents per share per annum. These initiatives form part of the company's 'capital allocation pillars' in FY26 and FY27. Ramelius has established three capital allocation priorities, in order: re-investment into the business, increase in shareholder returns, and maintaining a strong balance sheet. The company's free cash flow is expected to significantly increase, allowing for a greater focus on shareholder returns in the coming years. Ramelius is pursuing fully funded, organically focused growth, with key projects including the development of the Never Never underground mine at Dalgaranga, upgrades to the Mt Magnet processing plant, and the Eridanus Stage 3 cutback at Mt Magnet. The company also has an active exploration program centered on discovery and extensions at its existing operations. The share buyback program is expected to commence around 24 December 2025 and will be carried out over the next 18 months, with the timing and number of shares purchased dependent on market conditions and other considerations. The minimum dividend level has been increased from 1 cent to 2 cents per share per annum, with the allocation between buybacks and dividends during FY26 and FY27 at the full discretion of the Ramelius Board.

Ramelius expects its production profile to grow, leading to further increases in free cash flow. The company anticipates being able to provide shareholders with even better returns as its capital investments over the coming years start to yield benefits.