Ramelius Resources doubles profit on gold sector | Australian Markets

Ramelius Resources has added to a bumper profit season for WA gold miners after doubling its backside line for the 2025 financial yr from $216.6 million to $474.2m.

Realised costs for an ounce of the tumult-fuelled commodity rose 32 per cent to $3963 on gross sales of 302,882oz, whereas all-in sustaining prices got here down 2 per cent per ounce. Ramelius stock rose practically 7 per cent on the robust consequence, to close at $3.07.

It follows big income from the likes of Northern Star Resources, Evolution Mining and Regis Resources.

Ramelius’ on-theme consequence comes after an aggressive yr of growth for the Mark Zeptner-led group, which locked away the acquisition of close by explorer Spartan Resources for $2.5 billion in July.

With Spartan’s Never Never deposit and idled Dalgaranga processing mill nonetheless set to come back into the fold, Ramelius needs to turn out to be a 500,000 ounce each year producer within the following 5 years.

A plan pinning down how the proposed new mine and processing would slot in with Ramelius’ anchor Mt Magnet operations is predicted this December.

“As we look forward, the integration of the high-grade Dalgaranga deposit into the Mt Magnet hub is what excites me the most,” managing director Mr Zeptner mentioned. “The project not only provides a baseload of high-grade ore but tremendous exploration upside.”

The gold miner declared a ultimate fully-franked dividend of 5¢ per share, taking the total yr payout to eight¢ apiece.

It ended the yr with closing money and gold on hand of $809.7m. Aided by an undrawn $175m debt facility, Ramelius mentioned it was “fully funded” to attain its 2030 manufacturing objective.