Record Cash Flow and Revenue
Ramelius reported a record free cash flow of $137.3 million for the quarter and $315 million for FY '24, with a revenue of $278.1 million for the quarter.
Gold Production and Cost Efficiency
Quarterly gold production reached over 82,000 ounces with an all-in sustaining cost of AUD 1,362 per ounce, hitting the higher end of production guidance and lower end of cost guidance. Annual production was 293,033 ounces at a cost of $1,583 per ounce.
Safety Achievements
Ramelius achieved 12 months without a Lost Time Injury (LTI) and recorded a downward trend in Total Recordable Injury Frequency Rate (TRIFR).
Significant Milestones for Mine Plan
Received key mining proposal approval for the Cue Project and updated mineral resource estimate for Eridanus Project, consisting of 21 million tonnes at 1.7 grams per tonne for 1.2 million ounces.
Financial Flexibility
Renewed and upsized revolving credit facility to $175 million, maintaining full availability for financial flexibility.