Ramelius posts record profit on strong gold output, declares higher dividend
Australian gold miner Ramelius Resources more than doubled its yearly profit as higher gold production and prices lifted earnings to a record, enabling the company to boost shareholder returns.
Net profit after tax for the year ended June 30 rose 119% to A$474.2-million, the Perth-based company said on Monday. Earnings before interest, taxes, depreciation and amortisation jumped 81% to A$818.6-million, while operating cash flow climbed 92% to A$856.4-million.
The board declared a fully franked final dividend of 5c a share, bringing the full-year payout to 8c, up 60% from last year. Net cash and bullion rose to A$809.7-million, and Ramelius also retains an undrawn A$175-million debt facility.
MD Mark Zeptner said the company’s record gold output of 301 664 oz underpinned the strong results.
“The record gold production of 301 664 oz in FY25 has resulted in record financial performance on all metrics,” Zeptner said.
“Our industry-leading metric of A$2 304 generated in free cash flow from every ounce produced cements our position as a high-margin producer and demonstrates our commitment to quality ounces and high-grade deposits.
"As we look forward, the integration of the high-grade Dalgaranga deposit into the Mt Magnet hub is what excites me the most. The project not only provides a baseload of high-grade ore but tremendous exploration upside," said Zeptner.
Ramelius is targeting production of 500 000 oz/y by 2030 following its combination with Spartan Resources, completed in July. A five-year plan incorporating the Dalgaranga deposit is expected in the December quarter.
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