Key points
- FY27 Gold production guidance set at 205-225koz with AISC of A$2,150-2,350/oz
- Total growth capital expenditure for FY27 estimated at A$480-570 million
- Mt Magnet plant expansion to achieve 4.3Mtpa by March 2028
- Free cash flow expected to reach A$1.5 billion by FY30 at A$5,500/oz
Full summary
Ramelius Resources Ltd has updated its medium-term outlook, forecasting an increase in FY30 production to between 560-610koz at an AISC of A$2,100-2,400/oz. The company has set FY27 guidance at 205-225koz at an AISC of A$2,150-2,350/oz. Total growth capital expenditure for FY27 is estimated at A$480-570 million, with the Mt Magnet plant expansion expected to achieve a steady-state run-rate of 4.3Mtpa by March 2028. The company plans to generate significant free cash flow, up to A$1.5 billion by FY30 at A$5,500/oz. The updated outlook includes several strategic investments and operational enhancements, including the appointment of Primero as the EPC contractor for the new 3Mtpa (Circuit 2) at Mt Magnet.
Guidance
FY27 Gold production guidance: 205-225koz, AISC: A$2,150-2,350/oz, Growth capital expenditure: A$480-570 million
Outlook
Ramelius Resources Ltd expects to maintain its sector-leading AISC position while delivering a 205% increase in production by FY30. The company's targeted exploration strategy and operational expertise are expected to drive further growth, with Mt Magnet on track to become a Top 10 global gold production hub by FY30.