The Ramelius Resources Ltd (ASX: RMS) share price is in focus today after its December 2025 quarterly activities report, which revealed group gold production of 45,610 ounces at an all-in sustaining cost (AISC) of A$1,977 per ounce and operating cash flow of A$149.7 million.
What did Ramelius Resources report?
- Group gold production of 45,610 ounces for the quarter at an AISC of A$1,977/oz
- Operating cash flow of A$149.7 million and underlying free cash flow of A$54.7 million
- Gold sales of 45,531 ounces at an average price of A$5,175/oz, delivering revenue of A$235.6 million
- Year-end cash and gold balance of A$694.3 million (down from A$827.7 million last quarter)
- Final fully franked FY25 dividend of A$0.05/share paid in October, totalling A$95.7 million
- FY26 production and cost guidance maintained
What else do investors need to know?
Ramelius advanced its growth projects during the quarter. Development was underway at the Never Never underground and open pit mines, with ore stockpiled ahead of haulage and processing scheduled for March 2026.
The Mt Magnet plant upgrade is progressing, with engineering and site works underway and the execution team now established. Rebecca-Roe Gold Project also reached a milestone, receiving Board approval for investment, pending final environmental permits.
On the corporate front, Ramelius launched a $250 million share buyback program and increased its minimum dividend commitment to 2 cents per share per annum for FY26 and FY27. The company also finalised a key native title mining agreement for the Rebecca-Roe project.
What did Ramelius Resources management say?
Managing Director Mark Zeptner said:
Our strong operating cash flow this quarter allows us to continue investing in growth while maintaining returns to shareholders and a robust balance sheet.
What’s next for Ramelius Resources?
Looking ahead, management reaffirmed guidance for FY26 and signalled a continued focus on developing the Never Never mine, completing the Mt Magnet plant upgrade, and progressing the Rebecca-Roe Gold Project.
The company will also reduce forward gold sales to increase exposure to market prices, which could further benefit shareholders if gold prices remain elevated. Capital allocation will balance investment in operations, shareholder returns, and maintaining a strong financial position.
Ramelius Resources share price snapshot
Over the past 12 months, Ramelius Resources shares have risen 110%, strongly outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 5% over the same period.
The post Ramelius Resources shares: December 2025 quarterly earnings highlights appeared first on The Motley Fool Australia.
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