ASX-listed Ramelius Resources has reported gold production of 45 610 oz for the December 2025 quarter, with year-to-date production reaching 100 623 oz, keeping the company on track to meet its yearly guidance of 185 000 oz to 205 000 oz.

The company also reported underlying free cash flow of A$67-million before a 2025 financial year income tax payment of A$118.2-million and dividend payments of A$60.3-million. Cash and gold holdings totalled A$694.3-million as at December 31, 2025.

Ramelius highlighted ongoing progress across its key projects. The Dalgaranga mine development remains on time and on budget, with first ore from the Never Never deposit expected to be delivered to the Mt Magnet processing plant in the March quarter.

Expansion work at the Mt Magnet plant has focused on plant engineering, preliminary site works and establishing the execution team, including the appointment of Simon Schmid as major projects GM.

A significant milestone was achieved on the Rebecca-Roe project with the signing of the native title mining agreement with Kakarra Part B native title holders. Exploration continued at the Penny, Cue and Galaxy Mine areas, with the Gilbeys underground mine potential at West Winds, Four Pillars and Applewood set as a focus in the second half of the 2026 financial year, alongside surface targets including Sly Fox, Plymouth and the Never Never to Golden Wings trend.

Ramelius has also initiated a A$250-million share buyback programme and increased its minimum dividend level to A$0.02 a share.

“We continue to build on the strong momentum from our first quarter and remain on track to deliver our financial year 2026 guidance, with production year-to-date of 100 623 oz. Mt Magnet produced 45 610 oz in the quarter, in line with our plan with strong contribution from Penny and Cue mines.

“Importantly, the development of the Dalgaranga mine is on time and on budget with first ore from Never Never to be delivered to the Mt Magnet processing plant in the March quarter. We look forward to sharing an update from the recently accelerated drilling programme at priority targets within our exploration portfolio in coming weeks demonstrating the significant potential upside at the Mt Magnet production hub,” Ramelius COO Tim Hewitt said on January 8.