Ramelius Resources stock targets 610,000 ounces by FY30

Published on 10/07/2026 at 07:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

FY27 guidance sets output at AUD 205,000 to AUD 225,000 ounces and AISC at AUD 2,150 to AUD 2,350. The ASX quote was AUD 3.730 on October 6, 2026.

Ramelius Resources, AU000000RMS4, Illustration mit AI erstellt.

Ramelius Resources (ISIN AU000000RMS4) was last at AUD 3.730 on the ASX on October 6, 2026, at 4:10 p.m. AEST, down AUD 0.080 or 2.10 percent on the session. The gold producer is targeting 560,000 to 610,000 ounces of annual production by FY30 after lifting its plan by 11 percent from the October 2025 outlook, according to The Motley Fool Australia on September 21, 2026.

Production target reaches 610,000 ounces

The new FY30 range compares with the previous 500,000 to 550,000-ounce plan, while FY30 all-in sustaining costs are guided at AUD 2,100 to AUD 2,400 per ounce. The company also expects FY27 production of 205,000 to 225,000 ounces at an all-in sustaining cost of AUD 2,150 to AUD 2,350 per ounce, with growth capital of AUD 480 million to AUD 570 million.

The expansion centers on Mt Magnet in Western Australia. Middle News reported on September 21, 2026, that the Mt Magnet plant estimate rose from AUD 223 million to AUD 280 million before contingency, while commercial production from the second processing circuit is targeted for the March 2028 quarter.

Higher growth comes with execution risk

The larger production ambition is paired with a higher spending requirement. The company plan assumes a gold price of AUD 5,500 per ounce, and the resulting cost profile leaves delivery dependent on grades, recoveries, diesel costs, plant performance and permitting.

Ramelius entered the expansion phase with FY26 underlying EBITDA of AUD 765.4 million and a 74 percent EBITDA margin, compared with 69 percent in FY25, according to Kapitales on September 11, 2026. FY26 gold sales fell to 190,261 ounces from 302,882 ounces, but the average realized gold price rose to AUD 5,400 per ounce from AUD 3,963.

Consensus target remains above the quote

Analyst expectations remain higher than the ASX quotation. Stock Analysis lists a Strong Buy consensus from 10 analysts and an average price target of AUD 5.09, which is 36.46 percent above AUD 3.730 as of October 6, 2026.

Macquarie maintained a Hold rating and set a AUD 4.20 target on October 1, 2026, according to Markets Insider. That target is 12.60 percent above the ASX price, showing the gap between a named cautious view and the broader consensus.

ASX stock trades at AUD 3.730

Ramelius Resources was last at AUD 3.730 on the ASX on October 6, 2026, at 4:10 p.m. AEST, with a market capitalization of AUD 7.2 billion. The company has scheduled its Annual General Meeting for November 19, 2026, according to The Globe and Mail.