Full Year 2025 Ramelius Resources Ltd Earnings Call Transcript
Key Points
- Ramelius Resources Ltd (RMLRF) achieved a record gold production of 302,000 ounces, driven by overperformance at Cue open pits and improved grades from Penny.
- The company reported a strong financial performance with revenue surpassing $1.2 billion, a 36% increase from the previous year.
- Ramelius Resources Ltd (RMLRF) maintained an industry-leading all-in-sustaining cost of $1,551 per ounce, resulting in a significant margin of $2,400 per ounce sold.
- The company generated an impressive free cash flow of $694.9 million, positioning it ahead of its peers in cash flow generation per ounce.
- Ramelius Resources Ltd (RMLRF) declared a final dividend of $0.05 per share, marking a 60% increase in total dividends for FY25 compared to the prior year.
- The transition of Edna May to care and maintenance resulted in $4.1 million in care and maintenance costs, impacting overall financial performance.
- The mill grade at Edna May dropped 41% to 1.19 grams per tonne, affecting the group's earnings metrics.
- The company faces a significant tax liability with $130 million outstanding on FY25 earnings, due in December.
- The integration of Dalgaranga and the Spartan transaction will require substantial capital investment, potentially impacting future cash flows.
- The company anticipates a stamp duty expense of $130 million to $140 million related to the Spartan transaction, which will affect earnings in FY26.
Thank you for standing by, and welcome to the Ramelius Resources FY25 financial results call. (Operator Instructions)
I would now like to turn a conference call over to Mr. Darren Millman, Chief Financial Officer. Please go ahead, sir
Thank you, and good morning, everyone. Unfortunately, Mark Zepter is a late withdrawal this morning. He was cheering on his beloved West Coast Eagles this morning or last night. So over to me for today. Thanks for taking the time to dial in to our FY25 results conference call. Alongside me is our General Manager of Finance, Ben Ringrose, who will drill down into the numbers after I've covered up on the highlights. We have uploaded to the AS1X platform, along with our website, a number of documents including our FY25 financial results summary, audited statutory financial report, and the presentation that we'll be speaking to today.
Starting on slide 4. We set out our plans to grow the business on the back of an exceptional FY25, which you saw us
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