Two S&P/ASX 200 Index (ASX: XJO) gold shares are making headline news on Friday.
This comes as the Aussie gold miners report on their record-setting half-year and full-year financial results.
With the gold price surging, one ASX 200 gold share booked record profits, while the other has declared its first ever interim dividend payout.
Which high-performing gold stocks am I talking about?
Read on!
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ASX 200 gold share smashing records
The first ASX 200 gold share making headlines on Friday is Gold Road Resources Ltd (ASX: GOR) after the miner released its record-setting full-year 2024 results.
Highlights include record revenue from gold sales of $528.0 million, up 11.8% from 2023.
While fully unhedged gold sales of 143,793 ounces were down 11% from 2023, the average realised gold price the miner received soared 35.6% year on year to $3,672 per ounce.
Earnings also hit all-time highs over the 12 months, with Gold Road reporting record earnings before interest, taxes, depreciation and amortisation (EBITDA) of $294.4 million, up 17.7%. The EBITDA margin improved by 3% to come in at 56% over the year.
Net profit after tax (NPAT) was another core metric setting a new record high of $142.7 million, up 23.3% year on year.
Free cash flow in 2024 went the other direction, falling 34.6% to $91.7 million.
Gold Road's board declared a fully franked final dividend of 1.5 cents per share, up 50% from last year's final dividend. The ASX 200 gold share trades ex-dividend on 26 February.
On the balance sheet, Gold Road ended 2024 with cash and short-term deposits of $166.3 million, up 15.6% from 2023.
With investor expectations running higher and an eye on the lower gold sales, the Gold Road share price is down 0.8% today at $2.59. Shares are up 88% since this time last year.
Gold miner declares maiden interim dividend
Also grabbing headlines on Friday after releasing its own record-setting half-year results (H1 FY 2025) is ASX 200 gold share Ramelius Resources Ltd (ASX: RMS).
Highlights from the six months to 31 December included:
- Record gold production of 147,775 ounces at an all-in sustaining cost (AISC) of $1,699 per ounce
- Record operating revenue of $508 million, up 46% year on year
- Record EBITDA of $307.6 million, up 119% from H1 FY 2024
- Record NPAT of $170.4 million, up 313% year on year
And if that's not enough records for you, the ASX 200 gold share also achieved an all-time high underlying free cash flow of $264.1 million, up 417%.
On the balance sheet, Ramelius also had record net cash and bullion holdings of $501.7 million at year end.
With a strong half year of performance, management declared a maiden fully franked interim dividend of 3.0 cents per share.
Commenting on the strong half-year results for the ASX 200 gold share, Ramelius managing director Mark Zeptner said:
Our first half of FY25 has been record-breaking, achieving the highest level of production and profitability. Cash flow generation was also at record levels with Mt Magnet alone generating A$229.5M in cash flow from operations for the period
Looking ahead, Ramelius said it is on track to achieve its FY 2025 guidance of 270,000 ounces to 300,000 ounces of gold production at an AISC of $1,500 to $1,700 per ounce.
The Ramelius Resources share price is up 1.5% today at $2.67 a share. That sees the ASX 200 gold share up 91% in 12 months.
