Ramelius Resources Limited ( (AU:RMS) ) has issued an update.
Ramelius Resources Limited reported a record underlying free cash flow of A$223 million for the March 2025 quarter, with a cash and gold balance of A$657.1 million. The company announced a maiden interim dividend and a proposed acquisition of Spartan Resources Limited, which is expected to enhance its market position. The integration with Spartan and the subsequent release of an Integrated Study of Mt Magnet/Dalgaranga are anticipated to strengthen Ramelius’s operations. The market has responded positively to the potential of the combined entity, indicating promising prospects for stakeholders.
More about Ramelius Resources Limited
Ramelius Resources Limited is an Australian company that operates in the gold mining industry. It owns and operates several gold mines in Western Australia, including Mt Magnet, Penny, Cue, and Edna May. The company focuses on extracting and processing gold ore, with operations involving both underground and open pit mining methods.
YTD Price Performance: 25.20%
Average Trading Volume: 25,573
Technical Sentiment Signal: Strong Sell
Current Market Cap: $1.72B
Learn more about RMS stock on TipRanks’ Stock Analysis page.