Highlights

  • Ramelius Resources delivered a record FY25 gold production of 301,664 ounces, exceeding its guidance and generating AUD 694.9 million in free cash flow.

  • Regis Resources achieved 373,000 ounces of gold production, at the high end of guidance, but its share price fell 3.5%.

  • Both miners reported positive cash positions, with Ramelius holding AUD 809.7 million and Regis closing with AUD 517 million in cash and bullion.

The Australian gold sector saw major updates this Monday morning (7 July 2025), with Ramelius Resources Ltd (ASX:RMS) and Regis Resources Ltd (ASX:RRL) among the key ASX 200 gold stocks reporting their FY25 results. While Ramelius shares surged, Regis saw a dip despite meeting production targets.

Ramelius Resources Surpasses Guidance with Record Output

Shares in Ramelius Resources rose nearly 4% to AUD 2.47 after the company posted a standout quarterly and full-year performance. The miner reported 73,454 ounces of gold production in Q4 FY25, beating its upgraded guidance of 62,000 to 72,000 ounces. This took the company's total annual production to 301,664 ounces, surpassing its full-year forecast of 290,000 to 300,000 ounces.

The company also highlighted that its all-in sustaining costs (AISC) for the year are expected to land at the lower end of its upgraded range of AUD 1,550 to AUD 1,650 per ounce, driven by operational efficiency and high gold prices.

A major highlight was the company’s underlying free cash flow, which came in at AUD 207.8 million for the quarter and AUD 694.9 million for the year—more than double the FY24 figure. Ramelius closed the period with a robust cash and gold balance of AUD 809.7 million.

Managing Director Mark Zeptner praised the operations team, noting this was the miner’s second consecutive year of record production and cash generation, and its fifth consecutive year meeting or exceeding both production and cost guidance.

Regis Resources Delivers on Targets but Shares Dip

In contrast, Regis Resources shares slipped 3.5% to AUD 4.30, despite delivering gold production at the upper end of its FY25 guidance. The miner reported 87,400 ounces in the fourth quarter, contributing to a full-year output of 373,000 ounces—within the 350,000 to 380,000 ounce range.

The breakdown includes 233,000 ounces from the Duketon operations and 140,000 ounces from Tropicana. CEO Jim Beyer credited the team for identifying and producing "opportunistic ounces" while adhering to the company’s mine plan. He remains optimistic about continued strength in gold pricing.

Regis also reported a cash and bullion build of AUD 150 million in Q4, closing FY25 with AUD 517 million in cash and bullion.