What Ramelius Resources does

Ramelius Resources Limited is an ASX-listed (ASX: RMS) Australian gold producer headquartered in Perth, Western Australia, operating a portfolio of open pit and underground gold mines organized around the cornerstone Mt Magnet Hub in the Murchison Goldfield and the development-stage Rebecca-Roe Project in the Goldfields. The company owns and operates integrated mining and ore processing infrastructure, including a 1.9Mtpa central CIP processing plant at Mt Magnet that is being expanded to 4.3-5Mtpa through a A$223M investment, and a 32MW hybrid gas-solar power plant supporting energy efficiency. Total Mineral Resources stand at 12Moz and Ore Reserves at 4.2Moz, with the high-grade Never Never underground deposit (1.6Moz at 7.3g/t Au) added through the July 2025 acquisition of Spartan Resources.

The company generates revenue by mining gold ore and selling gold dore bars directly to precious metals refineries and traders at spot market prices, supplemented by hedging contracts for price risk management and minor royalty income. Production in FY25 reached 302,000 ounces at an industry-leading All-in Sustaining Cost (AISC) of A$1,551/oz, generating record operational and financial metrics including A$792M in revenue. Ramelius returned A$262M to shareholders in dividends over seven consecutive years (typically 100% franked) and is pursuing a publicly stated growth strategy to reach 500,000 ounces per year by FY30.

The customer base is institutional and global: end-users of refined gold span jewelry manufacturers, electronics producers, central banks, and investment product issuers, with the company selling into commodity channels rather than direct-to-consumer markets. Non-core asset Edna May was placed on care and maintenance in April 2025 and agreed for sale to Forrestania Resources for A$300M in June 2026, sharpening portfolio focus. The company aligns to TCFD, UN Global Compact, and nine UN Sustainable Development Goals, and is led by an executive team and board with prior experience at Rio Tinto, BHP, Newcrest, Vale, Gold Fields, Newmont, St Barbara, and Centerra Gold.

Name

Ramelius Resources

Legal name

Ramelius Resources Limited

Website

https://rameliusresources.com.au

Company type

Public

Founded year

1979

Operating status

Operating

Headcount range

251–500 employees

Short description

Ramelius Resources is an ASX-100 Australian gold producer operating the Mt Magnet Hub and Rebecca-Roe Project in Western Australia, selling gold dore bars to global refineries at spot prices with a stated path to 500,000oz/year by FY30.

Ownership category

akta.pro rank

Product category

Gold Mining

NAICS

Gold Ore and Silver Ore Mining (212220)

SIC

Gold And Silver Ores (1040)

akta.pro primary industry

Gold Mining (IMAKAEAA)

Keywords

• Gold mining operations
• Precious metals extraction
• Underground gold mining
• Mineral exploration services
• Gold ore processing

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Gold Production and Sales: Ramelius generates revenue primarily through the mining and sale of gold dore bars. Gold is produced from multiple operations including Mt Magnet Hub (Galaxy, Never Never, Penny, Cue, Eridanus) and processed through company-owned processing plants. Gold is sold to refineries at spot market prices. The company also generates minor revenue from royalties and interests in other mining operations.
2. Dividend Distributions: The company returns capital to shareholders through dividend payments. Ramelius has paid dividends for seven consecutive years with A$262 million paid out/payable over the last seven years. Dividends are typically 100% franked.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Ramelius Resources is an Australian gold mining company that owns and operates a portfolio of underground and open-pit gold mines and a central processing plant in Western Australia. The company produces gold doré bars from the Mt Magnet Hub (incorporating Galaxy, Penny, Cue, Eridanus and Dalgaranga deposits) and the Rebecca-Roe development project, selling the output to precious metals refineries and traders at spot market prices with hedging contracts used for risk management.

Product overview

Ramelius Resources is an ASX-100 Australian gold company operating a portfolio of mining assets in Western Australia. The company's operations are organized around two strategic hubs: the Mt Magnet Hub in the Murchison region (incorporating Galaxy, Penny, Cue, Dalgaranga, and Eridanus mines feeding a central processing plant) and the Rebecca-Roe Project in the Goldfields region. The Mt Magnet Hub serves as the cornerstone production centre with ore from multiple underground and open pit operations trucked to a central 1.9Mtpa processing plant being expanded to 4.3-5Mtpa. The portfolio includes high-grade underground mines (Galaxy, Penny, Never Never at Dalgaranga), open pit operations (Eridanus, Cue), and the development-stage Rebecca-Roe Project. The company has divested Edna May Mine (sold to Forrestania Resources in 2026) and is pursuing growth to 500,000 ounces per year by FY30.

Differentiator

Problem solved

Functional benefit

Products and services

• Gold doré bars
• Mt Magnet Hub
• Rebecca-Roe Project
• Edna May Mine

Quantifiable outcome

• 302,000 ounces produced in FY25 at A$1,551/oz AISC, with all-time high production and financial metrics
• +4 more outcomes

Named customers1 record

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and supporting.

• Forrestania Resources LtdcoreStrategic or Co-development Partner · 29 June 2026Ramelius agreed to sell its Edna May Gold Hub to Forrestania Resources for A$300 million in a cash and stock deal ($200M upfront cash plus $100M in Forrestania shares). Following completion, Ramelius will become a substantial shareholder in Forrestania while divesting the non-core gold operation. The Edna May operation was acquired from Evolution Mining in 2017.
• CSIROsupportingStrategic or Co-development PartnerRamelius continues to support innovative research into mineral exploration being undertaken by Australia's national science agency the Commonwealth Scientific and Industrial Research Organisation (CSIRO). This collaboration focuses on generating innovative ways to capture economic, environmental and social value.
• Curtin University / Western Australian School of Mines (WASM)supportingStrategic or Co-development PartnerRamelius partners with Curtin University and WASM to connect students with real industry experience and future career opportunities. Through on-campus engagement, site visits, networking events and Graduate and Vacation Programs, students gain exposure to live mining operations.
• Kakarra Aboriginal CorporationsupportingStrategic or Co-development PartnerRamelius is collaborating with Kakarra Aboriginal Corporation to work towards a Native Title Agreement for future mining at the Rebecca and Roe Gold Projects.
• Badimia Land Aboriginal Corporation (BLAC)supportingStrategic or Co-development PartnerRamelius engages with Badimia Land Aboriginal Corporation to support heritage surveys and ensure respectful engagement with Traditional Owners for exploration and mining activities.
• Community Benefit Funds PartnerssupportingStrategic or Co-development PartnerRamelius introduced Community Benefit Funds within townships of Mount Magnet, Westonia, and Narembeen. Programs are monitored via regular meetings between Ramelius representatives, the Shire, and local community representatives to determine effective community benefit initiatives.

Scale indicators15 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• Silver Lake Resources: ASX-listed gold producer with the Deflector and Rothsay operations in Western Australia. Comparable mid-cap WA gold miner competing for the same capital pool and operating in similar geological terrane.
• Northern Star Resources: Australia's largest gold producer with major operations in Western Australia (Kalgoorlie, Yandal, Jundee). Directly comparable as a WA-focused ASX-listed mid-to-large cap gold miner pursuing scale-driven growth and brownfield exploration.
• Evolution Mining: ASX-listed mid-tier gold producer with multiple WA operations (including the Edna May asset divested by Ramelius) and Queensland/New South Wales assets. Comparable in asset profile, hub-based operating model and tier-one Australian jurisdiction focus.
• Genesis Minerals: ASX-listed gold producer operating in Western Australia (Leonora / Laverton region), pursuing 200–250koz production profile via the Gwalia and Ulysses operations. Comparable mid-cap WA gold model pursuing scale through integrated processing hubs.
• Capricorn Metals: ASX-listed gold producer operating the Karlawinda gold mine in Western Australia. Comparable size and asset profile as a single-asset WA-focused gold producer with a similar growth and cost-discipline narrative.
• Westgold Resources: ASX-listed Australian gold producer with multiple WA and Bryah operations. Directly comparable WA-focused mid-tier gold miner with integrated processing and active growth via acquisitions.

Broad incumbents

• Newmont Corporation: World's largest gold producer with Australian assets (Boddington, Tanami) and a long history of WA mining. Comparable as a major gold producer with Australian operations, though much larger scale and broader geographic diversification.
• Gold Fields Limited: Major global gold producer that previously operated Australian assets (St Ives, Agnew, Granny Smith). Comparable as a large, multi-jurisdiction gold producer with extensive Australian operational heritage and benchmark cost reporting.
• AngloGold Ashanti: Major global gold producer with a portfolio spanning Africa, the Americas and Australia (including historical Tropicana JV in WA). Comparable as a tier-one gold producer with Western Australian exposure, though materially larger and more geographically diversified.

Regional players

• Perseus Mining: Gold producer operating Edikan (Ghana) and Yaouré/Sissingué (Côte d'Ivoire) and Sagoe. Comparable as a mid-cap gold producer focused on multi-asset African operations; relevant competitor for gold-sector capital but operating in a different jurisdiction than Ramelius's WA-focused portfolio.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php?id=100057387102051
• LinkedInlinkedin.com/company/ramelius-resources-limited

Compliance12 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Ramelius Resources