Ramelius Resources' September 2024 Quarter Highlights

Ramelius Resources (ASX:RMS) reported a robust performance for the September 2024 quarter. The company achieved 62,444 ounces of gold production and an underlying free cash flow of A$89.6 million. It maintained its full-year production guidance and increased its investment in Spartan Resources, highlighting its strategic growth initiatives.

Summary of Ramelius Resources' Quarterly Performance

Ramelius Resources (ASX:RMS) demonstrated strong operational performance in the September 2024 quarter, producing 62,444 ounces of gold and generating an underlying free cash flow of A$89.6 million. The company maintained its full-year production guidance of 270,000 - 300,000 ounces of gold at an AISC of A$1,500 - A$1,700/oz. Strategic investments included increasing ownership in Spartan Resources to 18.35%, reflecting the company's growth ambitions. Ramelius reported no lost time injuries, maintaining a strong safety record. The company is focused on project developments, including a new production target at Eridanus and a mill expansion study at Mt Magnet. With significant exploration results and a robust financial position, Ramelius is well-positioned for sustained growth and value creation.

Executive Commentary on September 2024 Quarter

Our performance this quarter has been very pleasing, with strong production and cash generation. We have successfully commenced ore mining ahead of schedule at Cue, and our investment in Spartan Resources aligns with our strategic growth objectives. Our safety record remains strong, and we look forward to the upcoming project developments and the potential they hold for Ramelius.