Ramelius gold expansion plans: production, capex and risk notes for mine planners
Reviewed by Tom Sullivan

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.
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.
Related Articles
Related Industries & Products
Mining
Geotechnical software solutions for mining operations including CMRR analysis, hydrogeological testing, and data management.
Tunnelling
Specialised solutions for tunnelling projects including grout mix design, hydrogeological analysis, and quality control.
CMRR-io
Streamline coal mine roof stability assessments with our cloud-based CMRR software featuring automated calculations, multi-scenario analysis, and collaborative workflows.
HYDROGEO-io
Comprehensive hydrogeological testing platform for managing, analysing, and reporting on packer tests, lugeon values, and hydraulic conductivity assessments.
GEODB-io
Centralised geotechnical data management solution for storing, accessing, and analysing all your site investigation and material testing data.


