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An announcement from Ramelius Resources Limited ( (AU:RMS) ) is now available.
Ramelius Resources Limited reported a record underlying free cash flow of A$223 million for the March 2025 quarter, driven by strong gold production at its Mt Magnet and Edna May hubs. The company upgraded its full-year production guidance to 290,000-300,000 ounces of gold, reflecting improved performance and successful exploration efforts. Additionally, Ramelius announced a transformational merger with Spartan Resources Limited, aiming to create a leading Australian gold producer with enhanced growth prospects. The integration of Spartan is proceeding as planned, with positive shareholder feedback, and the company continues to focus on exploration and operational efficiencies.
More about Ramelius Resources Limited
Ramelius Resources Limited is an Australian gold producer engaged in the exploration, development, and mining of gold deposits. The company operates primarily in Western Australia, focusing on projects such as the Mt Magnet and Edna May hubs, with a strong emphasis on expanding its gold production capabilities and maintaining a competitive position in the gold mining industry.
YTD Price Performance: 25.59%
Average Trading Volume: 55,477
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.91B
See more data about RMS stock on TipRanks’ Stock Analysis page.