The Ramelius Resources Ltd (ASX: RMS) share price is in focus today after the miner reported September quarter gold production of 48,839 ounces and underlying free cash flow of A$60.2 million.
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What did Ramelius Resources report?
- Gold production: 48,839 ounces
- FY27 production guidance: 205,000 – 225,000 ounces
- Underlying free cash flow: A$60.2 million
- Cash and gold balance: A$768 million (up from A$649.6 million at 30 June 2026)
- Ore stockpile: 27,680 tonnes at 4.78 g/t (4,254 contained ounces)
- Ongoing A$250 million share buyback, with A$18 million completed in the quarter
What else do investors need to know?
Production was slightly impacted by wet weather in September, delaying haulage from the high-grade Penny mine, but haulage has now recommenced. The company remains confident in achieving its full-year gold production guidance.
Ramelius continues to advance its growth projects, including the Mt Magnet mill expansion, with installation underway on a new crusher and gravity tower. The Rebecca-Roe project received a key environmental Works Approval during the quarter, moving it closer to full approval.
The sale of Edna May was completed for A$300 million, boosting the company's financial position and enabling continued investment in expansion and exploration.
What did Ramelius Resources management say?
Managing Director Mark Zeptner said:
We continue to build on the strong momentum from last financial year particularly with Dalgaranga ramping up tonnages, commissioning the new paste plant and continuing to out-perform on grade and recovery expectations. We are excited to see construction activities taking place on the Mt Magnet mill expansion and are bringing forward some capital expenditure at Rebecca-Roe as we near finalisation of all required approvals.
What's next for Ramelius Resources?
Ramelius is set to progress its 4-year growth strategy targeting more than 600,000 ounces of gold production by FY30. The recent resource upgrades and project approvals back its plan for sustained output through to the late 2030s.
With a strong balance sheet, ongoing buybacks, and an active exploration program, Ramelius aims to displace lower-grade material and maximise output at key sites, focusing on discovery and development opportunities.
Ramelius Resources share price snapshot
Over the past 12 months, Ramelius Resources shares have declined 8%, trailing the S&P/ASX 200 Index (ASX: XJO), which has declined 2% over the same period.
