Ramelius Resources Limited
RMS.ASXMaterials
Gold Mining, Production and Exploration.
Market Data
$3.235
+0.0%$6.1B
12.7x
$0.253
0.00%
-0.1%
Latest Earnings
March 2026 Quarterly Report and AISC Guidance Update
29 April 2026
Ramelius Resources reported Q3 FY26 gold production of 38,093 ounces at AISC of A$2,211/oz, with YTD production of 138,716 ounces at A$1,987/oz tracking toward the midpoint of FY26 guidance (185,000-205,000 oz). AISC guidance was updated upward to A$1,900-2,050/oz (from A$1,700-1,900/oz) due to earlier-than-planned commercial production at Dalgaranga Never Never (+A$100/oz), rising diesel costs (+A$35/oz), and higher gold royalties (+A$40/oz), though overall project economics remain unchanged. The company delivered strong operating cash flow of A$171.3M and free cash flow of A$101.9M, completed A$110.2M of share buybacks, and announced significant exploration upside with discovery potential at Gilbey's Underground (100,000-300,000oz target) and Galaxy underground (400,000-600,000oz target). Key points: Dalgaranga Never Never underground reached commercial production ahead of schedule with strong initial grades (3.49g/t), creating optionality between growth and sustaining capital classification; Exceptional exploration upside: Gilbey's Underground exploration target of 100,000-300,000oz and Galaxy underground target of 400,000-600,000oz presenting opportunities for additional underground mines alongside existing operations; Strong cash generation with operating cash flow of A$171.3M and free cash flow of A$101.9M in Q3, enabling A$110.2M share buyback completion (44% of A$250M program) and interim dividend of A$0.03/share
Recent Announcements
March 2026 Quarterly Report and AISC Guidance Update
Ramelius Resources reported Q3 FY26 gold production of 38,093 ounces at AISC of A$2,211/oz, with YTD production of 138,716 ounces at A$1,987/oz tracking toward the midpoint of FY26 guidance (185,000-205,000 oz). AISC guidance was updated upward to A$1,900-2,050/oz (from A$1,700-1,900/oz) due to earlier-than-planned commercial production at Dalgaranga Never Never (+A$100/oz), rising diesel costs (+A$35/oz), and higher gold royalties (+A$40/oz), though overall project economics remain unchanged. The company delivered strong operating cash flow of A$171.3M and free cash flow of A$101.9M, completed A$110.2M of share buybacks, and announced significant exploration upside with discovery potential at Gilbey's Underground (100,000-300,000oz target) and Galaxy underground (400,000-600,000oz target). Key points: Dalgaranga Never Never underground reached commercial production ahead of schedule with strong initial grades (3.49g/t), creating optionality between growth and sustaining capital classification; Exceptional exploration upside: Gilbey's Underground exploration target of 100,000-300,000oz and Galaxy underground target of 400,000-600,000oz presenting opportunities for additional underground mines alongside existing operations; Strong cash generation with operating cash flow of A$171.3M and free cash flow of A$101.9M in Q3, enabling A$110.2M share buyback completion (44% of A$250M program) and interim dividend of A$0.03/share
H1 FY26 Financial Results Presentation
Ramelius Resources reported H1 FY26 underlying NPAT of A$160.0M, down 6% despite a 13% increase in underlying EBITDA to A$347.7M driven by higher gold prices. Gold production fell 32% to 101koz due to lower grades and Edna May being on care and maintenance, though strong margins were maintained with an AISC of A$1,901/oz and realised gold price of A$4,822/oz. Key points: Record H1 underlying EBITDA of A$347.7M despite lower production; Strong AISC margin of A$2,921/oz (61%) benefiting from higher gold prices; Successfully completed Spartan acquisition adding significant mineral resources
Appendix 4D and December 2025 Half Yearly Financial Report
Ramelius reported a statutory net loss of $11.7M for H1 FY26, down from a $170.4M profit in the prior period, primarily due to $133.2M in acquisition costs and $46.6M in fair value adjustments related to the Spartan Resources acquisition. Despite the statutory loss, underlying NPAT was $160.0M, and the company maintained its dividend at 3.0 cents per share. Key points: Successfully completed acquisition of Spartan Resources (Dalgaranga gold mine) with 2.1Moz resource and 1.6Moz ore reserve; Strong underlying NPAT of $160.0M despite acquisition-related costs; Improved gold price realization at A$4,822/oz vs A$3,541/oz in pcp
Half Year results conference call details
Ramelius Resources Limited (ASX: RMS) announced that Managing Director Mark Zeptner and CFO Darren Millman will hold an investor conference call on February 20, 2026 at 7:00am AWST to discuss the company's half-year results.
Get real-time alerts for RMS
Receive AI-powered earnings summaries and instant notifications when Ramelius Resources Limited releases results.
Register Free