Ramelius Resources reports steady gold output; FY26 guidance reaffirmed

Ramelius Resources reports strong December quarter gold production.

Laura Stewart

Author bio Laura Stewart is a Finance Editor at The Motley Fool, where she covers Australian and international equity markets. She joined the company in 2022, following a career transition from legal advisory work in Southeast Asia into the investment industry. Prior to her current editorial role, Laura spent three years as an Equity Analyst and Writer, producing investment research across the ASX, NYSE, and NASDAQ. Her coverage included small-cap growth companies, thematic investment ideas, and high-quality U.S.-listed businesses. Laura holds a Master of Applied Finance and brings additional expertise in accounting, taxation, and estate and wealth planning from her postgraduate studies. She also has a background in law and communications, which supports her analytical and reporting work in financial markets. Outside of work, she enjoys spending time in the Adelaide Hills with her flock of sheep. Education Laura holds a Bachelor of Laws, a Bachelor of Communication (Journalism), and a Bachelor of Commerce with majors in Accounting and Corporate Finance. In 2025, she completed a Master of Applied Finance at the University of Adelaide, receiving postgraduate awards in Accounting Concepts & Methods, Ethical Principles in Accounting & Finance, Real Estate Valuation & Investment, and Tax, Estate & Wealth Planning. Social media LinkedIn FYI – I am taking a break from social media at the moment, so this account isn’t active at the moment, but I will let you know when I rejoin. Favorite investment quote "Compound interest is the eighth wonder of the world. He who understands it, earns it... he who doesn't... pays it." — Albert Einstein

Published January 8, 8:50 am AEDT

The Ramelius Resources Ltd (ASX: RMS) share price is in focus today after the company reported December quarter gold production of 45,610 ounces and confirmed it remains on track to meet its FY26 guidance.

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What did Ramelius Resources report?

Gold production of 45,610 ounces for the December 2025 quarter (down from 55,013 ounces last quarter)
Year-to-date gold production reached 100,623 ounces, in line with guidance of 185,000–205,000 ounces for FY26
Underlying free cash flow of A$67 million before tax and dividends
Cash and gold balance stood at A$694.3 million as at 31 December 2025
Shareholders received A$60.3 million in dividends during the half

What else do investors need to know?

The company continued progressing key projects, including releasing a Five Year Gold Production Outlook targeting 500,000 ounces by FY30. The Dalgaranga mine remains on schedule and budget, with the first Never Never ore set to be processed at the Mt Magnet hub in the March quarter.

Development at Mt Magnet included plant engineering works and the appointment of a new General Manager for Major Projects. Ramelius also signed a Native Title Mining Agreement at the Rebecca-Roe project, representing an important step in project development.

What did Ramelius Resources management say?

Chief Operating Officer Tim Hewitt said:

We continue to build on the strong momentum from our first quarter and remain on track to deliver our FY26 guidance with production year-to-date of 100,623 ounces. Mt Magnet produced 45,610 ounces in the quarter, in line with our plan with strong contribution from Penny and Cue mines.

Importantly, the development of the Dalgaranga mine is on time and on budget with first ore from Never Never to be delivered to the Mt Magnet processing plant in the March 2026 quarter. We look forward to sharing an update from the recently accelerated drilling program at priority targets within our exploration portfolio in coming weeks demonstrating the significant potential upside at the Mt Magnet production hub.

What's next for Ramelius Resources?

Looking ahead, Ramelius is maintaining its FY26 gold production guidance and expects to deliver ore from the Dalgaranga mine's Never Never deposit to Mt Magnet in the next quarter. The company is accelerating exploration activities, particularly around Penny, Cue and Galaxy, while initiating a $250 million share buyback and lifting its minimum dividend to two cents per year.

Management says the fully funded project pipeline and major project development should support growth towards the company's five-year production target.

Ramelius Resources share price snapshot

Over the past 12 months, Ramelius Resources shares have risen 97%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

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