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Ramelius Resources achieves FY26 guidance, grows cash flow and completes Edna May sale

Ramelius Resources hit annual gold production guidance, saw strong cash flow, and announced the sale of its Edna May hub.

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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
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The Ramelius Resources Ltd (ASX: RMS) share price is in focus today after the miner achieved its FY26 production guidance for a sixth straight year, producing 192,182 ounces of gold and reporting a strong free cash flow of A$138.3 million for the June 2026 quarter.

gold, gold miner, gold discovery, gold nugget, gold price,

Image source: Getty Images

What did Ramelius Resources report?

  • Gold production: 192,182 ounces for FY26, within guidance (185,000–205,000 ounces), up 40% quarter-on-quarter to 53,466 ounces in June quarter
  • Underlying free cash flow of A$138.3 million (including growth capital and exploration)
  • Cash and gold balance: A$649.6 million at 30 June 2026
  • Interim fully franked dividend: $0.03 per share (A$57.3 million) paid in April 2026
  • Share buybacks: A$30.5 million in the quarter, total A$140.7 million (56% of announced $250 million program)
  • All-In-Sustaining-Cost (AISC) to be finalised in the full quarterly report

What else do investors need to know?

During the quarter, Ramelius executed the sale of its Edna May hub to Forrestania Resources for a revised consideration of A$210 million in cash and A$90 million in FRS shares, with completion targeted for the September 2026 quarter. Upon completion, Ramelius will become a 9.6% shareholder in FRS, continuing to benefit from regional gold expansion.

Operationally, key project developments included the ongoing ramp-up at Never Never and Dalgaranga, advances on the Mt Magnet processing plants and camp expansions, and progress on the hybrid power project. Exploration activities are on track, with a further update due later in July.

What's next for Ramelius Resources?

Looking ahead, Ramelius expects to finalise and report full financials, including AISC, in its upcoming quarterly report. Key capital projects—including Stage 1 and 2 expansions at Mt Magnet and camp upgrades—are progressing to plan with further milestones slated for the September 2026 quarter.

The company remains focused on disciplined growth, maintaining strong shareholder returns through dividends and buybacks, and value creation through exploration and strategic investments. The imminent completion of the Edna May hub sale will provide additional capital and ongoing exposure to the region's potential via its FRS shareholding.

Ramelius Resources share price snapshot

Over the past 12 months, Ramelius shares have risen 21%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

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