Ramelius Resources (ASX:RMS) Shares Fall Today: What Does the Latest Quarter Show?

Sonal Goyal

06 November 2026 05:29 PM AEDT

Ramelius Resources (ASX:RMS) Shares Fall Today: What Does the Latest Quarter Show?

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Key Highlights

Ramelius Resources (ASX:RMS) traded at A$3.64 during the 6 November 2026 session, down 3.70%.
The September 2026 Quarterly Report of 26 October 2026 reported 48,839 oz of gold at an AISC of A$2,656 per ounce.
The company completed the sale of Edna May for A$300 million, comprising A$210 million in cash and A$90 million in Forrestania shares.

Ramelius Resources (ASX:RMS) shares were quoted at A$3.64 during the 6 November 2026 session, down 3.70%. Over the same session the S&P/ASX 300 Metal & Mining index (XMM) fell 2.92% to 7,699.50, and the S&P/ASX 200 (XJO) was down 0.49% at 9,020.80. The share price move is not linked to the quarterly activities report dated 26 October 2026. Ramelius is an ASX-listed Australian gold producer with operations at Mt Magnet, Penny and Cue and the Dalgaranga project.

Latest Developments

September 2026 Quarterly Activities Report (released 26 October 2026)

Ramelius produced 48,839 oz of gold at an AISC of A$2,656 per ounce. The company said production and AISC were affected by weather interruptions to haulage from Penny in September, which left 29 kt of stockpiles to be processed in the next quarter. Ore milled was 526 kt, at a recovery of 93.2%.

Cash and gold totalled A$768 million, up from A$650 million at June 2026. Operating Cash Flow was A$186 million and underlying free cash flow was A$62 million.

Edna May Sale and Plant Upgrade

The company completed the sale of Edna May for A$300 million, with A$210 million in cash and A$90 million in Forrestania shares. It also said it had awarded an EPC contract to Primero for Stage 2 of the Mt Magnet plant, a new 3 Mtpa circuit. Full-year guidance for FY27 is 205,000 to 225,000 oz at an AISC of A$2,150 to A$2,350 per ounce.

About the Company

Ramelius is an ASX-listed gold company headquartered in Western Australia. Its quarterly report covers mining operations at Mt Magnet, Penny and Cue, with development work at Dalgaranga, and sets out cash, production and guidance data each quarter.

Business Overview

Ramelius mines and processes gold in Western Australia. The company is upgrading its Mt Magnet processing plant in two stages and has tied its guidance to higher-grade mine sequencing at Dalgaranga and Cue, as the report describes.

Sector Context

Gold producers' results depend on the gold price and their AISC. On 6 November 2026 the S&P/ASX 300 Metal & Mining Index (XMM) fell 2.92% to 7,699.50, while the materials index fell 2.51%. The session data also pointed to weakness in international markets overnight, with gold quoted at US$4,076.20 (down 0.91%) and copper at US$13,777.00 (down 0.18%).

Risks to Watch

The report identifies haulage weather interruptions and processing recovery as operational factors, and the Stage 2 plant upgrade involves Capital spending and construction timing. Gold price movements and the value of listed Forrestania shares received as part of the Edna May sale may also affect the company's financial position.

Catalysts on Watch

Investors may follow the quarter-on-quarter production increase planned for FY27, the Stage 2 plant construction progress, the processing of stockpiles and the company's next quarterly report.

Final Takeaways

Ramelius Resources (ASX:RMS) traded lower on 6 November 2026 during a session that weighed on the gold sector. Its September 2026 quarterly report, released on 26 October 2026, reported production, cash, the Edna May sale and FY27 guidance. Readers can review the full report for mine-level detail.

FAQs

Q: What was the Ramelius share price on 6 November 2026?

A: Ramelius shares were quoted at A$3.64 during the trading session, down 3.70%, according to the session data provided.

Q: How much gold did Ramelius produce?

A: The company produced 48,839 oz of gold at an AISC of A$2,656 per ounce in the quarter.

Q: What was the Edna May sale price?

A: The sale was for A$300 million, comprising A$210 million in cash and A$90 million in Forrestania shares.

Q: What is the FY27 guidance?

A: Full-year guidance is 205,000 to 225,000 oz at an AISC of A$2,150 to A$2,350 per ounce.

Q: What is the Mt Magnet upgrade?

A: The company awarded an EPC contract to Primero to build Stage 2, a new 3 Mtpa circuit at Mt Magnet.

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