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Ramelius Resources Limited (ASX:RMS)

ALERT: Price-sensitive ASX Announcement for RMS
Current share price for RMS : $3.050 -0.62 (-16.89%)+
Announcement
Release
29 Apr 2026 8:19AM
Price at Release
$3.670
Full Release
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Summary
The March 2026 Quarterly Report for Ramelius Resources Limited outlines the company's production and financial performance, focusing primarily on operations at Mt Magnet and other locations in Western Australia. The report highlights a decrease in production for the quarter to 38,093 ounces of gold at an All-in Sustaining Cost (AISC) of A$2,211 per ounce, impacted by operational challenges such as a planned mill shutdown and adverse weather conditions from Cyclone Narelle. The AISC guidance for the financial year has been updated to A$1,900 – 2,050 per ounce due to the early transition of the Never Never underground mine from growth to sustaining capital status. Additionally, the report includes details on tonnage, grade, and financial metrics such as sales revenue and cash costs, demonstrating a comprehensive overview of the fiscal health and operational focus of Ramelius Resources for the March 2026 quarter.
Key Points
  • March 2026 quarter gold production was 38,093 ounces.
  • AISC for the quarter was A$2,211 per ounce.
  • Operational challenges included a mill shutdown and Cyclone Narelle.
  • AISC guidance updated to A$1,900 – 2,050/oz.
  • Never Never underground mine transitioned to sustaining capital earlier than expected.
  • Gold sales revenue for the quarter was A$221.1 million.
  • Total mined tonnes for Mt Magnet operations were 547 kt at a grade of 2.45 g/t.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.