Ramelius Resources shares gain on lower-than-expected FY25 costs
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The news: Ramelius Resources’ share price increased in afternoon trade after the gold miner announced lower-than-expected all-in sustaining costs (AISC) for the fourth quarter of financial year 2025.
The numbers: Shares in Ramelius had lifted 1.7% to $2.64 at 12:38pm despite broad losses for gold miners on the ASX 200.
In Q4 FY25, AISC was $1,339 per ounce of gold produced. This was 3% better than consensus expectations and 4% better than RBC Capital Markets’ estimate according to analyst Alex Barkley.
This takes AISC for the full financial year to $1,551 per ounce, at the lower end of the $1,550 to $1,650 per ounce guidance range.
Capital expenditure came in within the guidance range, consisting of $26.1 million in growth investment and $47.1 million in exploration and resource definition investment.
As previously flagged, Ramelius reported record full-year production at more than 301,664 ounces, beating the top end of the guidance range which was 300,000 ounces.
The context: Production predominantly came from the flagship Mount Magnet operation in the Mid West region of Western Australia, with Edna May processing stockpiles prior to being placed into care and maintenance in the March quarter.
What they said: “Reflecting on the past year, it has been one of both outstanding delivery and transformation for our Company. Operational performance was excellent, and importantly, we laid the foundations for the next phase of sustainable growth,” Ramelius managing director Mark Zeptner said.
