Ramelius on track to reach 600 000 oz of gold production in three years - Mining Weekly

AI desk brief

Ramelius lifted its 2030 FY production outlook to 560,000-610,000 oz, up 11% from its October 2025 plan and roughly 205% above FY26 output, while guiding FY27 production at 205,000-225,000 oz. The miner said growth capex will run A$480m-A$570m in FY27, including A$280m for Mt Magnet, and that the expansion remains fully funded with up to A$1.5bn in FY30 free cash flow expected.

Management says Ramelius still expects sector-leading all-in sustaining costs of A$2,100-A$2,400/oz despite industry-wide cost pressure. The company also highlighted a cash, gold and investment position of more than A$1bn and said its Mt Magnet hub could become a top-ten global gold production hub by FY30, with mine life extending to 2043.