The Ramelius Resources Ltd (ASX: RMS) share price is in focus after the company delivered 38,093 ounces of gold during the March quarter and confirmed its FY26 production guidance remains on track.
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What did Ramelius Resources report?
- Gold production of 38,093 ounces in the March 2026 quarter (FY26 YTD: 138,716 ounces)
- FY26 production guidance maintained at 185,000–205,000 ounces
- Underlying free cash flow of A$101.9 million before specific adjustments
- Cash and gold balance of A$606.5 million as at 31 March 2026
- Executed share buy-backs totalling A$110.2 million this quarter
- Fully franked interim dividend of A$0.03 per share declared
What else do investors need to know?
Ramelius delivered its first Never Never ore to the Mt Magnet processing plant ahead of schedule, with the first stope fired at higher-than-expected grades. The company noted rainfall and road closures affected March production, leaving high-grade stockpiles ready for processing, setting the stage for a strong June quarter.
Ongoing expansion works continue at the Mt Magnet plant, and the company has made progress with its EPA referral for the Rebecca-Roe Project. Exploration drilling remains a focus, especially at Dalgaranga with an update expected later in April.
What's next for Ramelius Resources?
Management says Ramelius is well set for a strong June quarter with high-grade stockpiles and contributions from new ore sources. The company is releasing a full quarterly activities report later this month and will provide updates on costs, especially with diesel prices trending higher.
Exploration remains a priority, with fresh results due from Dalgaranga. Ramelius will also update the market on progress at Mt Magnet and its long-term growth projects as 2026 unfolds.
Ramelius Resources share price snapshot
Over the past 12 months, Ramelius Resources shares have risen 60%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 17% over the same period.
