Ramelius Resources (ASX:RMS) reported that FY26 production remains on track in a preliminary update for the December 2025 quarter, confirming full-year guidance of 185,000 to 205,000 ounces.
The company produced 45,610 ounces of gold during the quarter, bringing year-to-date production to 100,623 ounces, supported by strong contributions from the Penny and Cue mines at Mt Magnet.
Underlying free cash flow totalled $67 million before tax and dividend payments, with cash and gold on hand of $694.3 million at Dec. 31, 2025.
During the quarter, Ramelius released its five year gold production outlook outlining a pathway to 500,000 ounces per annum by FY30, advanced development at Dalgaranga on time and on budget with first Never Never ore scheduled for delivery in the March quarter, progressed Mt Magnet plant expansion works, and secured a key native title mining agreement at the Rebecca-Roe Project.
Exploration activity continued across several priority areas, while shareholder returns were enhanced through the launch of a $250 million share buyback and an increase in the minimum annual dividend to two cents.