Ramelius posts record gold production, eyes +500koz annually by FY2030

Ramelius Resources Limited announced a record-breaking financial year ending 30 June 2025, with gold production reaching 301,664oz at an All-in Sustaining Cost (AISC) of A$1,551/oz. This performance was driven by the Cue Gold Mine, which exceeded expectations and generated A$270.6 million in operating cash flow. Total revenue for the year increased to $1.2bn, with a net profit after tax (NPAT) of $474.2m, marking a 119% increase from the previous year.

A significant milestone was the acquisition of Spartan Resources Limited, completed on 31 July 2025, which added 2.9Moz Au to Ramelius' mineral resource base and a 2.5Mtpa processing plant. This acquisition positions Ramelius for future growth, with a vision to become a +500koz pa producer by FY2030. Following the acquisition, Ramelius' total mineral resources are now estimated at 210Mt at 1.8 g/t Au for 12 Moz of gold, a 38% increase, and ore reserves at 57Mt at 1.3 g/t Au for 2.4 Moz of gold, an increase of 118%.

The company also reported progress on key development projects, including a Pre-Feasibility Study for the Rebecca-Roe Gold Project and a new Mine Plan for Mt Magnet, projecting 2.1Moz over 17 years. These achievements underscore Ramelius' commitment to sustainable growth and operational excellence, while transitioning Edna May to care and maintenance.