Ramelius Resources Full Year Financial Teleconference Overview

Ramelius Resources concluded its Full Year Financial Teleconference with strong FY ’24 results, highlighting record gold production, revenue, cash flow, and a substantial dividend increase.

Key Highlights

• Record Performance: Ramelius achieved record production, earnings, cash flow, and dividends in FY ’24.
• Dividend Increase: The company announced a 150% dividend increase to $0.05 per share, reflecting confidence in financial health.
• Positive Outlook for FY ’25: Expectations of stable production and costs, with increased gold prices anticipated.
• Mine Plan Changes: Anticipated revised mine plans for Eridanus and Mt Magnet.
• Exploration Investment: Planned exploration investments of $40-50 million focused on key areas.
• Dividend Reinvestment Plan: Offers a 2% discount to the 10-day VWAP, with growing participation.
• Tax Benefits: Expecting around $15 million tax cash benefit for FY ’24, with similar expectations for FY ’25.

Company Outlook

• Stable production and sustaining costs anticipated in FY ’25.
• Higher gold prices could enhance earnings.
• Focus on exploration and reserves expansion with significant investments planned.

Performance Summary

• FY ’24 Revenue: $882.6 million, a 40% increase from the previous year.
• Net Profit After Tax: $200.3 million, up 166% driven by improved grades and lower production costs.
• Dividend Payment Announcement: Final dividend for FY ’24 set to be up to $57.2 million, a significant increase from last year’s $22.3 million.
• Cash and Liquidity: Ramelius reported $446.6 million in cash and gold at the year’s end, underscoring strong liquidity.

Future Initiatives

Investment in exploration is set to focus on the Mt Magnet, Penny, and Rebecca Roe areas, with potential for further resource development.

In summary, Ramelius Resources has achieved remarkable financial results for FY ’24, with an encouraging outlook for FY ’25, supported by strategic investments and a strong dividend policy.