Ramelius Resources Ltd June 2026 Quarter Update
Key points
- Achieved production guidance for the sixth consecutive year
- 40% increase in gold production compared to the previous quarter
- Sale of Edna May hub to Forrestania Resources for A$300 million
Full summary
Ramelius Resources Ltd provided a preliminary production update for the June 2026 quarter. The company produced 192,182 ounces, within the guidance range of 185,000 - 205,000 ounces. Gold production increased by 40% compared to the previous quarter, with 53,466 ounces produced. The company also announced the sale of the Edna May hub to Forrestania Resources for A$300 million, consisting of A$200 million in cash and A$100 million in FRS shares. The transaction is expected to close in the September 2026 quarter, and upon completion, Ramelius will be a 9.6% shareholder in FRS.
Guidance
Ramelius Resources Ltd expects to achieve production guidance for the sixth consecutive year.
Outlook
Ramelius Resources Ltd remains committed to maintaining and growing shareholder returns, with a focus on delivering consistent production and exploring new opportunities.
Summary generated by a large language model. Please interpret with care.