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15 stories mentioning ASX:RMSUpdated 9d ago

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Asia

Ramelius Resources Meets Production Guidance for Sixth Consecutive Year in Fiscal Year 2026

Ramelius Resources (ASX:RMS) reported June quarter gold production of 53,466 ounces, bringing annual gold production for fiscal year 2026 to 192,182 ounces, according to a Wednesday filing with the Australian bourse.The company reported gold production of 73,454 ounces for the year-ago quarter and 301,664 ounces for fiscal year 2025, a previous filing showed.Ramelius said it met production guidance for the sixth consecutive year in fiscal year 2026.The company ended the June quarter with cash and gold of AU$649.6 million, up from AU$606.5 million at the end of March, with quarterly operating cash flow of AU$191.2 million and underlying free cash flow of AU$138.3 million.Ramelius Resources shares gained 2% in recent Wednesday trade.

ASX:RMS
Asia

Ramelius Board Approves Budget of AU$90 Million to AU$110 Million for Fiscal Year 2027 Exploration Drilling

Ramelius Resources' (ASX:RMS) board approved a budget of AU$90 million to AU$110 million, or around 240,000 metres in drilling planned for exploration in fiscal 2027, according to a Wednesday Australian bourse filing.It completed a total of 165,000 meters of drilling in the second half of fiscal year 2026.This included intercepts at the Dalgaranga project in Western Australia of 3.38 meters at 996 grams per tonne grade of gold from 101.6 meters, 1.6 meters at 130 g/t grade of gold from 216.3 meters, and 6.8 meters at 4.24 g/t grade of gold from 246.57 meters.It also hit intercepts of nine meters at 12.9 g/t grade of gold from 499 meters and 12 meters at 5.34 g/t grade of gold from 91 meters at the Cue project.Exploration and resource definition investment for the June quarter was AU$33.9 million. It reached AU$103.9 million for the fiscal year 2026, above the guidance of AU$80 million to AU$100 million.Its shares rose 2% in recent trading on Wednesday.

ASX:RMS
Asia

ASX Most Active Stocks

Here are the five most actively traded big-cap stocks on the Australian Securities Exchange on Friday.EQ Resources (ASX:EQR): 23 million sharesQube Holdings (ASX:QUB): 10.8 million sharesLiontown (ASX:LTR): 8 million sharesSouth32 (ASX:S32): 4.6 million sharesRamelius Resources (ASX:RMS): 4.3 million shares

ASX 200ASX:EQRASX:LTRASX:QUBASX:RMSASX:S32
Asia

Ramelius Resources Poised for Re-Rating in Fiscal 2027, Euroz Hartleys Says

Ramelius Resources (ASX:RMS) is expected to reverse course in fiscal 2027 after ranking as the second worst performing gold producer on the Australian bourse year to date, Euroz Hartleys said in a note on Wednesday.The investment firm said it is confident that throughout fiscal 2027, the company's superior cashflow outlook compared with peers will drive a re-rating, despite flat production and elevated capital expenditure.Even after the AU$131 million stamp duty payment related to the Spartan acquisition due in July, the firm expects ongoing cash flow and proceeds from the Edna May sale, representing AU$210 million in cash and AU$90 million in equity, to support the balance sheet.The brokerage forecasts fiscal 2027 production of 212,000 ounces at AU$1,943 per ounce, compared with consensus forecast of 216,400 ounces at AU$2,185 per ounce.Euroz Hartleys maintained a buy rating and price target of AU$5.27.

ASX:RMS
Asia Markets

ASX Preview: Australian Shares to Fall on Rising Iran-US Tensions; Ramelius Resources Posts Lower June Quarter Gold Production

Australian shares are poised to fall on Wednesday after oil prices surged following escalating tensions in the Middle East, with Iran attacking three commercial vessels in the Strait of Hormuz and the US revoking a license allowing the sale of Iranian crude before launching further strikes against Tehran.Overnight, the S&P 500, the Nasdaq Composite, and the Dow Jones Industrial Average fell 0.5%, 1.2%, and 0.3%, respectively.In the macroeconomy, Australia's building approvals and building activity reports are due at 11:30 am Sydney time.In corporate news, Ramelius Resources (ASX:RMS) said June quarter gold production was 53,466 ounces, with fiscal 2026 production of 192,182 ounces within its guidance range of 185,000 to 205,000 ounces.Predictive Discovery (ASX:PDI) said its Kiniero gold mine in Guinea milled 2.2 million tonnes of ore in the June quarter at an average of 0.86 grams per tonne grade of gold to pour 54,252 ounces of gold.Australia's benchmark index fell 0.3% or 27.1 points to close at 8,803.90 on Tuesday.

ASX 200ASX:PDIASX:RMS
Asia

Forrestania Resources Secures Commitments of AU$310 Million to Fund Edna May Gold Hub Acquisition; Shares Jump 8%

Forrestania Resources (ASX:FRS) secured binding commitments to generate about AU$310 million via a dual-tranche placement of about 775 million ordinary shares at AU$0.40 each to fund its acquisition of the Edna May Gold Hub in Western Australia, according to a Wednesday filing with the Australian bourse.The first tranche involves the issuance of 237.2 million new shares to raise AU$94.9 million, and the second tranche is for the issue of 537.8 million shares to generate AU$215.1 million, subject to shareholder approval.Forrestania has exercised its right under the Edna May purchase agreement to increase the cash component of the consideration to AU$210 million, and reduce the value of Forrestania shares to be issued to Ramelius Resources (ASX:RMS) to AU$90 million, per the filing.Forrestania Executive Chairman David Geraghty will invest AU$1 million into the placement, subject to shareholder approval.Forrestania Resources' shares jumped 8% in recent Wednesday trade.

ASX:FRSASX:RMS
Asia

Australian Shares Up; Ramelius Resources to Sell Western Australia Gold Hub to Forrestania for AU$300 Million

Australian shares closed higher on Monday after the US and Iran agreed to halt hostilities that had flared up over the weekend.The S&P/ASX 200 Index gained 0.68%, or 59.20 points, to close at 8,823.40.Brent crude oil futures climbed to trade around $72 per barrel amid concerns over the future of peace negotiations between the US and Iran, as well as the opening of the Strait of Hormuz.On the domestic front, the Reserve Bank of Australia said its monetary policy board disclosed a framework outlining how it would approach the design and use of additional monetary policy tools in a low-interest rate environment.The bank said the toolkit features six tools, including term lending facilities, government bond purchase programs, forward guidance with commitment, negative interest rate policy, term rate targets, and foreign exchange asset purchasesIn company news, Ramelius Resources (ASX:RMS) agreed to sell its Edna May Gold Hub, including processing infrastructure and surrounding satellite tenements, to Forrestania Resources (ASX:FRS) for AU$300 million under a binding share and asset purchase agreement. Completion is targeted for the September quarter, after which the company is expected to become a substantial shareholder in Forrestania.Karoon Energy (ASX:KAR) said production has been restored from the SPS-92 well at Baúna in Brazil following the replacement of the electrical submersible pump (ESP). SPS-92 is currently producing at a rate of 8,600 barrels of oil per day (bopd), taking total Baúna Project production to around 20,500 bopd.Neuren Pharmaceuticals (ASX:NEU) secured a positive opinion from the European Medicines Agency's (EMA) Committee for Medicinal Products for Human Use, which recommended approval of Daybue for treating neurobehavioral symptoms of Rett syndrome in patients aged five years and older.

ASX 200ASX:FRSASX:KARASX:NEUASX:RMS
Asia

Ramelius Resources to Sell Western Australia Gold Hub to Forrestania for AU$300 Million; Shares Up 4%

Ramelius Resources (ASX:RMS) agreed to sell its Edna May Gold Hub, including processing infrastructure and surrounding satellite tenements, to Forrestania Resources (ASX:FRS) for AU$300 million under a binding share and asset purchase agreement, according to a Monday Australian bourse filing.The consideration comprises AU$200 million in upfront cash and AU$100 million in Forrestania shares, subject to escrow and orderly sale restrictions, per the filing.The company will receive a AU$20 million deposit, with the balance payable in cash and shares on completion, subject to customary conditions, including Forrestania securing at least AU$200 million in binding equity commitments, obtaining shareholder approval, and receiving regulatory approvals and third-party consents, the filing said.Completion is targeted for the September quarter, after which the company is expected to become a substantial shareholder in Forrestania, the filing added.Ramelius Resources' shares jumped nearly 4% in recent Monday trade. Trading in Forrestania Resources' shares was halted.

ASX:FRSASX:RMS
Asia

ASX Preview: Australian Shares to Rise as Oil Climbs on US-Iran Tensions; Ramelius Resources to Sell Western Australia Gold Hub to Forrestania for AU$300 Million

Australian shares are poised to rise on Monday, tracking firmer oil prices after renewed US-Iran strikes and escalating tensions in the Middle East disrupted shipping through the Strait of Hormuz and prompted traders to reassess the risk of supply constraints.On June 26, the S&P 500 and the Dow Jones Industrial Average each fell 0.1%, while the Nasdaq Composite declined 0.2%.In the macroeconomy, investors are eyeing the Reserve Bank of Australia's June monetary policy board meeting minutes on Tuesday.In corporate news, Ramelius Resources (ASX:RMS) agreed to sell its Edna May Gold Hub, including processing infrastructure and surrounding satellite tenements, to Forrestania Resources (ASX:FRS) for AU$300 million under a binding share and asset purchase agreement.Greatland Gold (ASX:GGP) said its group ore reserve estimate grew 62% to 5 million ounces.Australia's benchmark index rose 0.2% or 15.5 points to close at 8,764.20 on June 26.

ASX 200ASX:FRSASX:GGPASX:RMS
Asia

Ramelius Resources' Western Australian Project Clears EPA Requirements

Ramelius Resources (ASX:RMS) said the Western Australian Environmental Protection Authority (EPA) has determined the Roe Project does not require formal environmental assessment, allowing it to proceed through the standard part five works approval and licensing process under the Environmental Protection Act, according to a Thursday Australian bourse filing.The decision aligns the Roe development with the approved Rebecca Project and enables a streamlined regulatory pathway for the combined Rebecca-Roe Project in the Western Australian Goldfields, per the filing.The company confirmed early works will begin in late 2026 following environmental approval certainty, supporting an accelerated timeline and its five-year growth strategy, the filing added.

ASX:RMS
Asia

Maritana Minerals Appoints COO

Maritana Minerals (ASX:MRT) appointed Elizabeth Jones as chief operating officer, effective Aug. 26, according to a Thursday Australian bourse filing.Jones most recently served as general manager of Ramelius Resources (ASX:RMS), the filing added.Maritana Minerals' shares fell around 1% in Thursday trading, while Ramelius Resources declined 3%.

ASX:MRTASX:RMS
Asia

Rumble Resources Receives Second AU$5 Million Payment From Elemental Royalty

Rumble Resources (ASX:RTR) said it received a second AU$5 million payment from Elemental Royalty as part of a gold royalty sale linked to the Western Queen project in Western Australia, according to a Wednesday filing with the Australian bourse.The first AU$5 million upfront payment, payable on the execution of definitive agreements, was received in mid-May.The second million milestone payment was payable upon Rumble entering into a binding deal for the toll treatment or processing of ore from the royalty tenement, and was received on June 2, the company said.Rumble added that a key condition of the ore tolling and blending agreement with Gylden has been satisfied, as Ramelius Resources (ASX:RMS) is not exercising its pre-emptive rights related to the processing of Western Queen ore.The company's shares were nearly 2% lower in recent Wednesday trade.

ASX:RMSASX:RTR
Asia

Ramelius Resources on Track to Achieve Midpoint of Fiscal Year 2026 Production Guidance, Euroz Hartleys Says

Ramelius Resources (ASX:RMS) might be able to achieve the midpoint of its fiscal year 2026 production guidance due to stockpiles at its Dalgaranga and Penny gold operations, Euroz Hartleys said in a Wednesday note.The company released its March quarter report, with production falling from the previous quarter due to haul road closures and heavy rainfall. It maintained fiscal year 2026 production guidance at 185,000 to 205,000 ounces.Euroz Hartleys forecasts June quarter production of roughly 55,000 ounces at an all-in sustaining cost of around AU$2,200 per ounce."We remain excited for the ramp up of Dalgaranga with first ore one month ahead of schedule," the equity research firm said, adding that a ball mill drive train upgrade will allow a finer grind for the Dalgaranga ore, improving recoveries to above 90% from around 80%. It also pointed to an opportunity for Ramelius Resources to displace low-grade stockpiles with higher-grade mined ore from fiscal year 2028 to fiscal year 2030.Euroz Hartleys maintained a buy recommendation on Ramelius Resources and lowered its price target to AU$5.27 per share from AU$6.21, mainly due to a lower spot gold price.Shares of Ramelius fell 5% in recent Thursday trade.

ASX:RMS
Asia

Ramelius Resources Posts Lower Gold Production in March Quarter

Ramelius Resources (ASX:RMS) produced 38,093 ounces of gold at an all-in sustaining cost (AISC) of AU$2,211 per ounce in the March quarter, according to a Wednesday filing with the Australian bourse.The company produced 80,455 ounces of gold at an AISC of AU$1,492 per ounce in the March 2025 quarter, an earlier filing showed.The company reaffirmed its fiscal 2026 production guidance of 185,000 to 205,000 ounces, and upgraded its AISC guidance to a range of AU$1,900 to AU$2,050 per ounce, from AU$1,700 to AU$1,900 per ounce, the filing said.

ASX:RMS
Asia

Ramelius Resources Says Drilling at Western Australia Gold Project Shows New Mine Potential at Deposit

Ramelius Resources (ASX:RMS) said drilling at the Dalgaranga gold project in Western Australia during the March quarter showed that there was new mine potential at Gilbey's underground deposit, according to a Wednesday Australian bourse filing.It reported intercepts of 3.9 meters at 21.2 grams per tonne grade of gold from 219 meters, as well as 6.1 meters at 10.4 g/t grade of gold from 207.7 meters.It also reported intercepts of one meter at 8.96 g/t grade of gold from 115 meters, as well as 0.6 meters at 24.3 g/t grade of gold from 307.5 meters from the Plymouth-Sly Fox area.The exploration program sought to delineate new mineralization down-dip of the current mineral resource estimates, while also converting the existing inferred mineral resources.

ASX:RMS

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