March 2026 Quarterly Report and AISC Guidance Update

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Stock Ramelius Resources Ltd (RMS.ASX)
Release Time 29 Apr 2026, 8:19 a.m.
Price Sensitive Yes
 March 2026 Quarterly Report and AISC Guidance Update
Key Points
  • Group gold production of 38,093 ounces at AISC of A$2,211/oz
  • FY26 AISC Guidance updated to A$1,900 - 2,050/oz
  • Exceptional drilling results at Gilbey's Underground, potential new underground mine
Full Summary

Ramelius Resources Ltd reported its March 2026 quarterly results, with group gold production of 38,093 ounces at an AISC of A$2,211/oz. The company's year-to-date group gold production was 138,716 ounces at an AISC of A$1,987/oz. Cash and gold holdings stood at A$606.5 million, with operating cash flow of A$171.3 million and underlying free cash flow of A$101.9 million. The company's FY26 production guidance remains unchanged at 185,000 - 205,000 ounces, on track to achieve the midpoint of the range. However, the FY26 AISC guidance has been updated to A$1,900 - 2,050/oz (previously A$1,700 - 1,900/oz), reflecting the earlier-than-planned commercial production at Dalgaranga, the impact of rising diesel prices, and increased gold royalties. The company also provided an update on its Mt Magnet plant upgrade and exploration activities, which continue to yield positive results, including the potential for a new underground mine at Gilbey's. The company completed A$110.2 million in share buybacks during the quarter and declared a fully franked interim dividend of A$0.03 per share.

Guidance

FY26 AISC Guidance updated to A$1,900 - 2,050/oz, reflecting earlier Dalgaranga commercial production, higher diesel prices, and increased gold royalties. FY26 depreciation and amortisation guidance increased to A$310 - 330 million.