Highlights

  • Ramelius Resources (ASX:RMS) produced 48,839 ounces of gold in the September quarter.
  • Underlying quarterly free Cash Flow totalled AUD 60.2 million.
  • Cash and gold reached AUD 768.0 million at 30 September 2026.
  • FY27 production guidance remained 205,000–225,000 ounces.

Ramelius Resources Limited (ASX:RMS) produces gold from Western Australian Mining and processing operations while advancing additional gold projects. On 11 November 2026, its shares were trading at AUD 3.95, up 0.38% for the session. The company’s September-quarter update combined operating production, cash generation and progress on capacity and project development.

Western Australian Gold Production Network

Ramelius operates across a portfolio of Western Australian gold assets, with processing and mine development central to its production plans. The Mt Magnet operation, Dalgaranga activity and the Rebecca-Roe project require distinct schedules and Capital commitments. Throughput, ore grades and mining logistics influence how the portfolio contributes to consolidated output.

The company’s FY27 outlook involves both established production and work intended to support later periods. Project construction and regulatory approvals should not be confused with producing ounces. Capital commitments associated with mill expansion can also affect cash flows independently of current quarterly output.

September Production and Cash Position

Ramelius Resources (ASX:RMS) reported September-quarter gold production of 48,839 ounces and underlying free cash flow of AUD 60.2 million. Its cash and gold balance increased to AUD 768.0 million at 30 September 2026 from AUD 649.6 million at the end of June. These values describe the company’s reported Liquidity position, not an estimate of its Equity value.

Wet weather during September disrupted hauling from the high-grade Penny mine to the Mt Magnet mill. A stockpile of 27,680 tonnes at 4.78 grams per tonne remained at the mine at quarter-end, containing an estimated 4,254 ounces. Its later processing will depend on haulage and plant availability.

Processing Expansion and Rebecca-Roe

Ramelius Resources (ASX:RMS) maintained FY27 gold-production guidance of 205,000–225,000 ounces. Dalgaranga’s ramp-up and commissioning of a paste plant were among the activities reported during the quarter, while construction work at the Mt Magnet mill expansion had commenced. These initiatives carry operational and capital-execution requirements.

The company reported receiving a Works Approval for Rebecca-Roe under Western Australian environmental legislation. That approval marks a regulatory step, not the completion of all development conditions. Ramelius also reported completion of the Edna May sale for total consideration of AUD 300 million, including AUD 210 million in cash.

What Could Influence Subsequent Quarters

Gold production depends on mined grades, ore transport, plant recovery and access to suitable feed. Commissioning work can temporarily change throughput or costs; growth expenditure can reduce available cash even during periods of positive operating cash generation. Neither such effects nor Commodity price variations automatically explain an individual trading session.

Ramelius Resources (ASX:RMS) can be assessed in subsequent updates through the pace of Dalgaranga processing, delivery of the Mt Magnet expansion, progress toward remaining Rebecca-Roe approvals and any changes to FY27 output guidance. Tracking these together provides more context than a single quarter’s production figure.

Key Insights

Ramelius Resources (ASX:RMS) reported 48,839 ounces of September-quarter gold production, AUD 60.2 million in underlying free cash flow and an increased cash-and-gold balance. Commissioning and development progress will inform the FY27 operating picture.