Ramelius Resources is on track to meet its full-year guidance of 185,000 ounces to 205,000 ounces of gold production after it achieved 45,610 ounces in the December quarter.
The company reported year-to-date gold production of 100,623 ounces and cash and gold balance of AU$694.3 million as of December 31, 2025.
Ramelius expects to become a 500,000-ounce gold producer by 2030, supported by detailed technical studies and a fully-funded project pipeline.
Development at the Dalgaranga mine remains on time and on budget with first Never Never ore targeted to be delivered to the Mt Magnet hub in the March quarter.
Ramelius COO Tim Hewitt, said: “Mt Magnet produced 45,610 ounces in the quarter, in line with our plan with strong contribution from Penny and Cue mines.
“We look forward to sharing an update from the recently accelerated drilling program at priority targets within our exploration portfolio in coming weeks demonstrating the significant potential upside at the Mt Magnet production hub.”
Expansion at Mt Magnet is progressing, with plant engineering works, preliminary site preparation and the appointment of Simon Schmid as general manager of major projects.
The company’s exploration continues to focus on the Penny, Cue and Galaxy mine area.
The Gilbeys underground mine potential at West Winds, Four Pillars and Applewood will be the focus in the second half of 2026, as well as surface targets including Sly Fox, Plymouth and the Never Never to Golden Wings trend.
Ramelius initiated a AU$250 million share buyback program and increased the minimum annual dividend at two cents per annum.
