Ramelius targets gold production growth to 500koz by FY30

Ramelius Resources Limited (ASX:RMS) is targeting a significant increase in gold production, aiming for a +500koz per annum rate by FY30, up 170% from current levels. This growth is underpinned by a fully funded pipeline of projects, including the Mt Magnet mill expansion and upgrade costing A$223M, and the Rebecca-Roe mill/infrastructure build of A$340M. The company anticipates achieving an average All-in Sustaining Cost (AISC) of A$1,975/oz over the next five years.

The strategic plan also emphasizes the integration of the Dalgaranga operation with the Mt Magnet mill, with processing expected to commence in H2 FY26. This integration is projected to yield approximately A$1B in synergies through capital savings, operational efficiencies, and cash tax benefits. The company's post-tax NPV5% for the Never Never underground mine is estimated at A$3.5Bn at a base case gold price of A$4,500/oz, demonstrating strong project economics.