Ramelius Resources Lifts Medium-Term Gold Output Outlook - IndexBox

AI desk brief

Ramelius Resources lifted its medium-term gold output outlook, now targeting 560,000-610,000 oz in FY2030, up 11% versus its October 2025 plan and 205% above FY2026 output. FY2027 guidance is 205,000-225,000 oz, with growth capex of A$480m-A$570m in FY2027, including A$280m for Mt Magnet expansion work.

Management says the growth plan is fully funded and could generate up to A$1.5bn of free cash flow in FY2030, with more than A$1bn in cash, gold and investments currently on hand. Ramelius expects to maintain AISC of A$2,100-A$2,400/oz despite industry-wide cost pressure, while Mt Magnet is positioned to become a top-ten global gold production hub by FY2030 with mine life extended to 2043.