Ramelius Resources Limited (RMLRF) Q2 2025 Earnings Call Transcript

Ramelius Resources Limited (OTCPK:RMLRF) Q2 2025 Results Conference Call January 28, 2025 7:00 PM ET

Company Participants

Mark Zeptner – Managing Director
Darren Millman – CFO

Conference Call Participants

Alex Barkley – RBC

Operator

Thank you for standing by, and welcome to the Ramelius Resources December Quarterly Conference Call. [Operator Instructions]

I would now like to hand the conference over to Mark Zeptner, Managing Director. Please go ahead.

Mark Zeptner

Thank you, Travis. Good morning, everyone. Thank you for taking the time to dial in this morning. In addition to the quarterly report, we’ve also released a presentation that we’ll largely speak to during the call. Both documents have been uploaded on the ASX platform and will be available on the website shortly.

Once again, I’m joined by our CFO, Darren Millman. Darren will provide some detail on the financials after I’ve run through the highlights and touched on the operational performance and our development projects. As always, there will be an opportunity for listeners to ask questions at the end.

For those who have downloaded the presentation deck, I’ll be initially speaking to Slide 3. I’ll focus on the highlights and key achievements for the quarter. I would like to point out that there is a large amount of detail on exploration, operations and project development within the quarterly report itself.

So on Slide 3, operationally and financially, the December quarter was exceptionally strong, with the business generating a record and also sector-leading AUD 174.5 million in underlying free cash flow. After considering our additional investment in Spartan during the quarter of AUD 68 million and the payment of our FY ’24 AUD 0.05 per share dividend, our closing cash and gold position was just over AUD 500 million.

Our quarterly gold production was 85,311 ounces, which was a 37% increase