ASX 200
Team Veye   February 19, 2026

Ramelius Resources Reduces Hedging, Increases Exposure to Strong Gold Prices

Team Veye   February 19, 2026
Get your Free Report on Top 5 ASX stocks for 2026

Ramelius Resources has shown solid recent progress at Never Never and Mt Magnet which places the company in a good position to increase gold production over the next few years.

Ramelius Resources Limited (ASX: RMS)

Ramelius Resources Limited (ASX: RMS) rose 2.5% on Thursday after it announced that first ore from the high-grade Never Never deposit was transported to the Mt Magnet processing plant.

This update came 202 days after the completion of its merger with Spartan Resources which shows firm execution under the 5 Year Growth Pathway strategy.

The combination of scale, grade and cost profile positions Never Never as a transformational asset within the Ramelius portfolio.

Ore stockpiles as at the end of January 2026 stood at 31,000 tonnes grading 3.6g per tonne for about 3,600 ounces which will be hauled for processing.

Higher grade stockpiles are planned to enter production in the June 2026 quarter after plant optimisation work is completed.

The Never Never Pre-Feasibility Study outlines a Mineral Resource of 7.5Mt at 8.8g per tonne for 2.1Moz and a maiden Ore Reserve of 1.6Moz which supports an 11 year mine life and forecast output of 1.8Moz at an AISC of $1,128 per ounce.

The company's market capitalisation is $8.68 billion and project development is within budget and on schedule which supports confidence in capital control and timelines.

The company also reduced its gold hedge book by closing FY27 forward contracts and pre delivering June 2026 quarter contracts which increases exposure to current spot gold prices.

The Dalgaranga Gold Project located about 77km northwest of Mt Magnet in Western Australia has road access and an operational airstrip which supports site logistics.

Management wants to boost annual gold production to 380,000 ounces at the Mt Magnet hub as part of the strategy to get to a production of 500,000 ounces by FY30.

(Source: Company Announcements)

Get your FREE ASX stock report

Discover our latest ASX share ideas and ongoing insights – so you're not guessing with your money

πŸ’¬

Get Your Free Report on Top 5 ASX Stocks on WhatsApp

Instant Access. No Credit Card Required.

Receive on WhatsApp

Checkout Our Recommendation for free - 7 days free trial

Start Free Trial
7‑day free trial

ASX Stock Research & Recommendations β€” 7‑day free trial

Independent, analyst‑driven insights.

  • Stock of the week report
  • Daily Analysis Report
  • No credit card required
General information only. Not financial advice.

Get Your FREE Report

Discover the Top ASX Stocks to Invest In 2026!

Expert Analysis of Top-Performing ASX Stocks

Market Insights and In-Depth Research

Buy, Sell, And Hold Recommendations

Almost There!

Enter your details to download the report

Success!

Preparing your download...

Latest Article


Post Image
Team Veye

Best ASX Tech Stocks to Buy

June 05, 2026
Post Image
Team Veye

Top income stocks Australia

June 05, 2026
Post Image
Team Veye

ASX gold mining stocks 2026

June 05, 2026

Disclaimer

Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website www.veye.com.au), and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.