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    Ramelius gold expansion plans: production, capex and risk notes for mine planners

    January 7, 2026|

    Reviewed by Tom Sullivan

    Ramelius gold expansion plans: production, capex and risk notes for mine planners

    First reported on Australian Mining

    30 Second Briefing

    Ramelius Resources has opened FY26 with December quarter gold production of 45,610oz, keeping it on track to meet full-year guidance and underpin expansion plans at its Mt Magnet and Edna May operations in Western Australia. The company is progressing studies on higher-grade underground feed beneath the Stellar and Eridanus pits at Mt Magnet and evaluating a potential cutback at Edna May to extend open-pit life. Consistent output at current all-in sustaining cost levels will be critical for funding any new decline development and mill upgrades without additional equity.

    Technical Brief

    • For similar mid-tier gold hubs, sequencing underground beneath active or recent pits is becoming standard practice.

    Our Take

    Ramelius Resources is one of relatively few pure-play gold names in our 510 Mining stories set, which is otherwise dominated by diversified majors like Rio Tinto and BHP, so any Mt Magnet expansion plans will be watched as a bellwether for mid-tier Australian gold producers.

    With guidance framed around the 2025–26 financial year, Ramelius is effectively committing to near-term delivery, whereas many of the 969 Projects-tagged pieces in our coverage still sit at pre-FEED or permitting stage, giving Mt Magnet a timing advantage if the gold price remains supportive.

    Australia-focused gold items in our database often highlight cost pressure from labour and energy; if Ramelius can keep Mt Magnet unit costs competitive into FY26, it is likely to be better positioned than higher-cost peers when competing for capital against multi-commodity plays such as BlueScope-linked steel and iron ore value chains.

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    Prepared by collating external sources, AI-assisted tools, and Geomechanics.io’s proprietary mining database, then reviewed for technical accuracy & edited by our geotechnical team.

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