Ramelius Resources records 119% surge in full-year profit

The news: Gold miner Ramelius Resources has reported a full-year net profit of $474.2 million, more than doubling (119%) last year's result of $216.6 million, as the company's realised gold price rocketed 32% during the period.

The numbers: The company will pay total dividends of 8 cents per share, up from 5 cents per share last year.

The context: Ramelius, which sealed its merger with smaller rival Spartan Resources last month, had its best year of production at 301,664 ounces, beating the top end of the guidance range.

Its Mount Magnet mine accounted for 90% of group gross profit in FY25. The miner said the result was also boosted by the introduction of high-grade ore from its nearby Cue gold project, and improving grades at its Penny development.