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Ramelius Resources Limited (RMS) Report Analysis

Corporate Events

Neutral

Ramelius Resources Limited Revises Production G...

2022-06-22 22:22:00

Ramelius Resources Limited revised production guidance for the fiscal year 2022. Due to more persistent rain than forecast, especially recentl...

Neutral

Ramelius Resources Limited Provides Production ...

2022-04-26 22:06:00

Ramelius Resources Limited provided production guidance for the year 2022. For the year, the company expects to result in FY22 production with...

Neutral

Ramelius Resources Limited to Report Q3, 2022 R...

2022-04-22 04:18:00

Ramelius Resources Limited announced that they will report Q3, 2022 results Pre-Market on Apr 27, 2022

Neutral

Ramelius Resources Limited, Q3 2022 Earnings Ca...

2022-04-22 04:18:00

Ramelius Resources Limited, Q3 2022 Earnings Call, Apr 27, 2022

Negative

Ramelius Resources Limited Announces Retirement...

2022-04-21 22:17:00

Ramelius Resources Limited announced that Non-Executive Director Michael Bohm will step down from his roles at the Company with effect from 31...

Positive

Ramelius Resources Limited Provides Update on R...

2022-04-11 22:22:00

Ramelius Resources Limited provided an update on its Rebecca Gold Project in Western Australia. The Rebecca Gold Project is situated 150km eas...

Neutral

Ramelius Resources Limited Provides Production ...

2022-01-28 05:11:00

Ramelius Resources Limited provided production guidance for the year 2022. The company maintained full year guidance of 260,000 to 300,000 ounces.

Neutral

Ramelius Resources Limited to Report Q2, 2022 R...

2022-01-25 02:39:00

Ramelius Resources Limited announced that they will report Q2, 2022 results Pre-Market on Jan 28, 2022

Neutral

Ramelius Resources Limited, Q2 2022 Earnings Ca...

2022-01-25 02:39:00

Ramelius Resources Limited, Q2 2022 Earnings Call, Jan 28, 2022

Negative

Ramelius Resources Limited Appoints Fiona Jane ...

2021-12-01 05:09:00

Ramelius Resources Limited announced the appointment of Fiona Jane Murdoch as director, effective 1 December 2021.

Negative

Ramelius Resources Limited Announces Board Appointments

2021-11-21 21:23:00

Apollo Consolidated Limited announced that Bob Vassie, Mark Zeptner and Tim Manners have been appointed to the Board as nominees of Ramelius R...

Negative

Ramelius Resources Limited Announces Appointmen...

2021-11-03 22:55:00

Ramelius Resources Limited announced that Fiona Murdoch has been appointed as Non-Executive Director, with effect from 1 December 2021. Ms Mur...

Neutral

Ramelius Resources Limited - Shareholder/Analyst Call

2021-10-22 07:11:00

Annual General Meeting of the Shareholders

Neutral

Ramelius Resources Limited Provides Group Produ...

2021-10-20 21:15:00

Ramelius Resources Limited provided group production guidance for the first half and fiscal year 2022. Group gold production guidance for firs...

Neutral

Ramelius Resources Limited to Report Q1, 2022 R...

2021-10-18 21:21:00

Ramelius Resources Limited announced that they will report Q1, 2022 results on Oct 21, 2021

Neutral

Ramelius Resources Limited, Q1 2022 Earnings Ca...

2021-10-18 21:21:00

Ramelius Resources Limited, Q1 2022 Earnings Call, Oct 21, 2021

Positive

Apollo Consolidated Limited, Ramelius Resources...

2021-10-17 22:21:00

To acquire Apollo Consolidated Limited, 100% owner of the Lake Rebecca Gold Project

Neutral

Ramelius Resources Limited Commences Drilling A...

2021-10-11 21:15:00

Westar Resources Limited announced the commencement of drilling activities by farm-in partner, Ramelius Resources (Ramelius), at the Mt Finner...

Positive

Westar Resources Limited Announces Commencement...

2021-10-11 21:15:00

Westar Resources Limited announced the commencement of drilling activities by farm-in partner, Ramelius Resources (Ramelius), at the Mt Finner...

Neutral

Ramelius Resources Limited, Annual General Meet...

2021-09-30 07:57:00

Ramelius Resources Limited, Annual General Meeting, Nov 25, 2021, at 11:00 W. Australia Standard Time. Location: Fraser Suites Perth 10 Adelai...

Positive

Ramelius Resources Limited Announces New Estima...

2021-09-09 22:18:00

Ramelius Resources Limited announced new estimates of Mineral Resources and Ore Reserves as at 30 June 2021, with Mineral Resources up 15%, af...

Positive

Ramelius Resources Limited, 0.025 (AUD), Cash D...

2021-08-26 00:00:00

Ramelius Resources Limited, 0.025 (AUD), Cash Dividend, Sep-01-2021

Positive

Ramelius Resources Limited Announces Dividend, ...

2021-08-25 22:32:00

Ramelius Resources Limited announced a 25% increase in the dividend to 2.5 cents per share fully franked. Ex-date for dividend entitlement is ...

Neutral

Ramelius Resources Limited to Report Fiscal Yea...

2021-08-23 03:11:00

Ramelius Resources Limited announced that they will report fiscal year 2021 results Pre-Market on Aug 26, 2021

Neutral

Ramelius Resources Limited, 2021 Earnings Call,...

2021-08-23 03:11:00

Ramelius Resources Limited, 2021 Earnings Call, Aug 26, 2021

Positive

Ramelius Resources Limited to Seek M&A

2021-08-05 00:00:00

Ramelius Resources Limited (ASX:RMS) will look for merger and acquisition. The company's boss Mark Zeptner said the goldminer will sharpen its...

Positive

Ramelius Resources Limited Provides an Update t...

2021-08-01 23:28:00

Ramelius Resources Limited provided an update to its Mine Plan from its portfolio of assets located in Western Australia. The Edna May Stage 3...

Neutral

Ramelius Resources Limited Provides Production ...

2021-07-28 22:15:00

Ramelius Resources Limited provided production guidance for the First half and full year of fiscal year 2022. For the year, the company expect...

Neutral

Ramelius Resources Limited, Q4 2021 Earnings Ca...

2021-07-25 22:17:00

Ramelius Resources Limited, Q4 2021 Earnings Call, Jul 29, 2021

Neutral

Ramelius Resources Limited to Report Q4, 2021 R...

2021-07-25 22:17:00

Ramelius Resources Limited announced that they will report Q4, 2021 results Pre-Market on Jul 29, 2021

Neutral

Ramelius Resources Limited Presents at Diggers ...

2021-06-30 19:09:00

Ramelius Resources Limited Presents at Diggers and Dealers Mining Forum, Aug-04-2021 09:25 AM. Venue: Goldfields Arts Centre, Cheetham Street,...

Neutral

Ramelius Resources Limited Presents at Noosa Mi...

2021-06-30 18:19:00

Ramelius Resources Limited Presents at Noosa Mining and Exploration Investor Conference, Jul-15-2021 03:45 PM. Venue: Peppers Noosa Resort, No...

Neutral

Ramelius Resources Limited Revises Production Guidance for the Fiscal Year 2022

2022-06-22 22:22:00

Ramelius Resources Limited revised production guidance for the fiscal year 2022. Due to more persistent rain than forecast, especially recently, on some of the haulage routes to both the Mt Magnet and Edna May operations, ongoing staff shortages due to COVID /influenza and a lower than forecast head grade from Tampia, it is expected that gold production for fiscal year 2022 will fall marginally short of the current guidance range of 260,000 oz to 265,000 oz. This is despite the best efforts of the Ramelius and contractor teams in a challenging operating environment across the Western Australian resources industry. The production estimate for fiscal year 2022, based on gold outturns received this week and updated road haulage and head grade estimates, has been revised down to 255,000 oz to 260,000 oz.

Neutral

Ramelius Resources Limited Provides Production Guidance for the Year 2022; Provides Production Guidance for the Quarter Ending June 2022

2022-04-26 22:06:00

Ramelius Resources Limited provided production guidance for the year 2022. For the year, the company expects to result in FY22 production within lower end of Guidance range (260,000oz 265,000oz). For the June quarter, the company expects Quarterly group gold production Guidance for June 2022 Quarter of 69,000 - 74,000 ounces at an AISC of approximately AUD 1,525/oz.

Neutral

Ramelius Resources Limited to Report Q3, 2022 Results on Apr 27, 2022

2022-04-22 04:18:00

Ramelius Resources Limited announced that they will report Q3, 2022 results Pre-Market on Apr 27, 2022

Neutral

Ramelius Resources Limited, Q3 2022 Earnings Call, Apr 27, 2022

2022-04-22 04:18:00

Ramelius Resources Limited, Q3 2022 Earnings Call, Apr 27, 2022

Negative

Ramelius Resources Limited Announces Retirement of Michael Bohm of Non-Executive Director, with Effect from 31 May 2022

2022-04-21 22:17:00

Ramelius Resources Limited announced that Non-Executive Director Michael Bohm will step down from his roles at the Company with effect from 31 May 2022. Mr. Bohm joined the Ramelius Board as a Non-Executive Director in November 2012. He chairs the Company's Nomination and Remuneration Committee and is a member of its Risk and Sustainability Committee. He served as interim Chair between October 2020 and December 2020.

Positive

Ramelius Resources Limited Provides Update on Rebecca Gold Project in Western Australia

2022-04-11 22:22:00

Ramelius Resources Limited provided an update on its Rebecca Gold Project in Western Australia. The Rebecca Gold Project is situated 150km east of Kalgoorlie and covers a granted package of tenure comprising an area of 385km. Geologically the Project lies on southerly extensions of highly prospective regional structure hosting multi-million-ounce endowment. The acquisition of Apollo Consolidated Limited was completed in January 2022 and the Rebecca Gold Project has now been integrated into Ramelius. Data review and target generation is complete, and a resource definition RC drilling programme commenced early in March 2022, to be followed by more exploratory programmes. Apollo completed more than 110,000m of RC and diamond drilling culminating in the definition of a global Mineral Resource of 29.1Mt at 1.2g/t Au for 1.1Moz. Ramelius is now poised to grow the Project resource and to unlock the broader exploration potential of the region through a well-funded and systematic exploration programme. The Rebecca Gold Project is situated along a fertile regional structure known as the Laverton Tectonic Zone (LTZ). The LTZ is a regional corridor of deformation and accompanying mineralisation extending as far north as Moolart Well located 100km to the north of Laverton, and as far south as Lake Roe located 250km to the south of Laverton. The structure is host to multiple million-ounce deposits, and a total known endowment of more than 30Moz including the iconic Wallaby-Granny Smith and Sunrise Dam-Cleo mine camps. The southerly extent of this mineralised corridor remains sparsely explored, as evidenced by relatively recent discoveries at both Rebecca and Lake Roe. Mineralisation at Rebecca is associated with intrusive granodiorite or ortho-gneiss lithologies in a strained, high temperature metamorphic environment. Mineralised zones are characterized by a stronger gneissic fabric, silica flooding, and an increase in pyrrhotite-chalcopyrite-pyrite sulphides within or adjacent to biotite clusters. At the Rebecca deposit itself, mineralized lodes occur as a series of stacked, moderate to steep west dipping zones. Individual lodes are up to 30m thick, with best developed grade tenor in the steep dipping, high grade Jennifer Lode. Moderate west dipping lodes in the hangingwall of the Jennifer Lode are typically lower grade. Hangingwall lodes at Rebecca include the Maddy, Laura, Laura Hangingwall and Southern Lodes. Previous studies highlight a correlation between `M' type folding of gneissic banding, and higher grades in the Jennifer structure. At the Duke and Duchess deposits, the broad mineralisation style and geometry mimic Rebecca, however Duke is characterized by a single sub-vertical lode. Planned drilling for the next 12-18 months will comprise approximately 75,000m of RC, diamond and aircore drilling; comprising 35,000m of resource definition infill RC and diamond coring, and 40,000m of exploration RC, diamond coring and aircore drilling. Resource definition programmes are being prioritised for a resource update later this year, and progression of mining evaluation studies. Resource definition infill drilling programmes have been planned with the objective of increasing resource confidence through an upgrade of current Inferred Mineral Resources and Unclassified material inventory, and better definition of grade continuity for local estimation. Unclassified material inventory represents estimation based on sparse drilling data and low confidence geological interpretation and is unreported. Exploration targets are documented. Early results from resource definition RC drilling at the Rebecca deposit include: 9m at 2.04g/t Au from 175m in RCLR0934; 6m at 1.98g/t Au from 28m in RCLR0935; 6m at 3.27g/t Au from 113m in RCLR0937; and 14m at 1.28g/t Au from 42m in RCLR0942. Target models in the Rebecca area are based on prospectivity analysis utilising criteria and characteristics displayed by existing deposits at Rebecca, Duchess and Duke. Primary criteria include the presence of prospective sill-like host granodiorite ortho-gneiss lithologies adjacent to more ductile ultramafic units (magnetic high features), axial planar, fold hinge or flexure complexity, and the presence of northeast trending obliquely cross-cutting structure. Based on aeromagnetic interpretation and plotting of bottom of hole granodiorite lithology distribution, the Rebecca area has been interpreted as a domed anticlinal fold, cored by mafic volcanics and flanked by intrusive granodiorite sills interspersed with ultramafic units. Granodiorite ortho-gneiss lithologies located more broadly in the area marginal to the dome are considered prospective host rocks. Favorable geochemistry includes an association with Cu, Ag and Zn at the prospect scale, and where available - Bi, Te, Sb and as at the more regional scale. In total, 16 target areas have been identified in the immediate resource area, with the targeting review to extend regionally in due course. Targets range in advancement level or stage from early greenfields or conceptual, through to advanced resource targets. The current resource is reported inside a AUD 2,250/oz optimised pit shell. The conceptual pit design was generated using the optimised pit shell. Based on existing drill data spacing, interpretation, and estimation methodology, the Rebecca resource model contains lower confidence Inferred resource and unclassified inventory (unreported) in significant quantities both inside and outside the AOP AUD 2,250/oz conceptual pit.

Neutral

Ramelius Resources Limited Provides Production Guidance for the Year 2022

2022-01-28 05:11:00

Ramelius Resources Limited provided production guidance for the year 2022. The company maintained full year guidance of 260,000 to 300,000 ounces.

Neutral

Ramelius Resources Limited to Report Q2, 2022 Results on Jan 28, 2022

2022-01-25 02:39:00

Ramelius Resources Limited announced that they will report Q2, 2022 results Pre-Market on Jan 28, 2022

Neutral

Ramelius Resources Limited, Q2 2022 Earnings Call, Jan 28, 2022

2022-01-25 02:39:00

Ramelius Resources Limited, Q2 2022 Earnings Call, Jan 28, 2022

Negative

Ramelius Resources Limited Appoints Fiona Jane Murdoch as Director

2021-12-01 05:09:00

Ramelius Resources Limited announced the appointment of Fiona Jane Murdoch as director, effective 1 December 2021.

Negative

Ramelius Resources Limited Announces Board Appointments

2021-11-21 21:23:00

Apollo Consolidated Limited announced that Bob Vassie, Mark Zeptner and Tim Manners have been appointed to the Board as nominees of Ramelius Resources Limited (Ramelius).

Negative

Ramelius Resources Limited Announces Appointment of Fiona Murdoch as Non-Executive Director

2021-11-03 22:55:00

Ramelius Resources Limited announced that Fiona Murdoch has been appointed as Non-Executive Director, with effect from 1 December 2021. Ms Murdoch is a senior executive leader with extensive operational experience across the Australian and international resources and infrastructure sectors. She is a Non-Executive Director of listed companies NRW Holdings Ltd. and Metro Mining Ltd. and also serves on the Australian Premium Iron Joint Venture Committee for AMCI and POSCO.

Neutral

Ramelius Resources Limited - Shareholder/Analyst Call

2021-10-22 07:11:00

Annual General Meeting of the Shareholders

Neutral

Ramelius Resources Limited Provides Group Production Guidance for the First Half and Fiscal Year 2022

2021-10-20 21:15:00

Ramelius Resources Limited provided group production guidance for the first half and fiscal year 2022. Group gold production guidance for first half of fiscal year 2022 remains on track for 130,000 ounces - 150,000 ounces at an AISC of AUD 1,450 - AUD 1,550/oz, with the September 2021 Quarter performance slightly better than with expected and the December 2021 Quarter forecast stronger again. Group gold production guidance for fiscal year 2022 remains at 260,000 ounces - 300,000 ounces at an AISC of AUD 1,425 - AUD 1,525/oz.

Neutral

Ramelius Resources Limited to Report Q1, 2022 Results on Oct 21, 2021

2021-10-18 21:21:00

Ramelius Resources Limited announced that they will report Q1, 2022 results on Oct 21, 2021

Neutral

Ramelius Resources Limited, Q1 2022 Earnings Call, Oct 21, 2021

2021-10-18 21:21:00

Ramelius Resources Limited, Q1 2022 Earnings Call, Oct 21, 2021

Positive

Apollo Consolidated Limited, Ramelius Resources Limited - M&A Call

2021-10-17 22:21:00

To acquire Apollo Consolidated Limited, 100% owner of the Lake Rebecca Gold Project

Neutral

Ramelius Resources Limited Commences Drilling At Mt Finnerty Project

2021-10-11 21:15:00

Westar Resources Limited announced the commencement of drilling activities by farm-in partner, Ramelius Resources (Ramelius), at the Mt Finnerty Project, north of Southern Cross. The Mt Finnerty Project (E16/505) is located approximately 430km east-northeast of Perth and 100km northeast of Southern Cross in the Archaean Marda-Diemals greenstone belt. Historical exploration across the Mount Finnerty Project has defined several prospects referred to as Flinders, Flinders Northeast and Tasman. Initial RAB and follow-up RC drilling at the Tasman and Flinders prospects in the mid 1990's and early 2000's returned numerous >1 g/t gold results, particularly at the Flinders prospect. Significant high-grade intercepts included:9 m @ 98.2 g/t Au from 62m (MF023); including; o 4m @ 215.8 g/t Au from 62m. 1m @ 236.3 g/t Au from 126m (MFRC029). 24m @ 3.68 g/t Au from 45m (MF038); including; o 4m @ 12.6 g/t Au from 46m. 9m @ 9.95 g/t Au from 51m (MF8880/1376). 6m @ 14 g/t Au from 39m (MF8580/1414). 8m @ 3.2 g/t Au from 48m (MRFB040). 3m @ 6.4 g/t Au from 54m (MF034). and 4m @ 3.4 g/t Au from 57m (MF044). Historical mineralisation encountered at the Mount Finnerty Project is described to be typically associated with mafic volcanics along an irregular and often sheared granite contact. Most of the mineralisation is located proximal to the granite/mafic lithological contact where the intrusion of the granite has fractured and inter-fingered with mafics and the granite develops a biotite-rich gneissic texture. Quartz veining and sericite alteration is associated with local shearing as is common disseminated sulphide (pyrite) mineralisation, which can form a significant (5-10%) part of some intersections. Secondary mineralisation appears to be associated with the adjacent felsic volcanic units. Supergene enrichment of gold in a lateritic weathered profile is also seen above the Flinders prospect, as it is at the neighbouring Tasman prospect.

Positive

Westar Resources Limited Announces Commencement of Drilling Activities by Farm-In Partner, Ramelius Resources At the Mt Finnerty Project, North of Southern Cross

2021-10-11 21:15:00

Westar Resources Limited announced the commencement of drilling activities by farm-in partner, Ramelius Resources (Ramelius), at the Mt Finnerty Project, north of Southern Cross. The Mt Finnerty Project (E16/505) is located approximately 430km east-northeast of Perth and 100km northeast of Southern Cross in the Archaean Marda-Diemals greenstone belt. Historical exploration across the Mount Finnerty Project has defined several prospects referred to as Flinders, Flinders Northeast and Tasman. Initial RAB and follow-up RC drilling at the Tasman and Flinders prospects in the mid 1990's and early 2000's returned numerous >1 g/t gold results, particularly at the Flinders prospect. Significant high-grade intercepts included:9 m @ 98.2 g/t Au from 62m (MF023); including; o 4m @ 215.8 g/t Au from 62m. 1m @ 236.3 g/t Au from 126m (MFRC029). 24m @ 3.68 g/t Au from 45m (MF038); including; o 4m @ 12.6 g/t Au from 46m. 9m @ 9.95 g/t Au from 51m (MF8880/1376). 6m @ 14 g/t Au from 39m (MF8580/1414). 8m @ 3.2 g/t Au from 48m (MRFB040). 3m @ 6.4 g/t Au from 54m (MF034). and 4m @ 3.4 g/t Au from 57m (MF044). Historical mineralisation encountered at the Mount Finnerty Project is described to be typically associated with mafic volcanics along an irregular and often sheared granite contact. Most of the mineralisation is located proximal to the granite/mafic lithological contact where the intrusion of the granite has fractured and inter-fingered with mafics and the granite develops a biotite-rich gneissic texture. Quartz veining and sericite alteration is associated with local shearing as is common disseminated sulphide (pyrite) mineralisation, which can form a significant (5-10%) part of some intersections. Secondary mineralisation appears to be associated with the adjacent felsic volcanic units. Supergene enrichment of gold in a lateritic weathered profile is also seen above the Flinders prospect, as it is at the neighbouring Tasman prospect.

Neutral

Ramelius Resources Limited, Annual General Meeting, Nov 25, 2021

2021-09-30 07:57:00

Ramelius Resources Limited, Annual General Meeting, Nov 25, 2021, at 11:00 W. Australia Standard Time. Location: Fraser Suites Perth 10 Adelaide Terrace Perth Western Australia Australia Agenda: To receive and consider the annual financial statements, the directors' report and the audit report of the Company for the year ended 30 June 2021; to consider adoption of the annual remuneration report for the year ended 30 June 2021; to consider election of Robert Scott Vassie as director; to consider re-election of Michael Andrew Bohm as director; to consider grant of performance rights to a director; to consider approval of increase to non-executive director director fee pool; and to consider other matters.

Positive

Ramelius Resources Limited Announces New Estimates of Mineral Resources and Ore Reserves as At 30 June 2021

2021-09-09 22:18:00

Ramelius Resources Limited announced new estimates of Mineral Resources and Ore Reserves as at 30 June 2021, with Mineral Resources up 15%, after mining depletion. Total Mineral Resources are estimated to be; 110 Mt at 1.6 g/t Au for 5.4 Moz of gold and Total Ore Reserves are estimated to be; 17 Mt at 2.0 g/t Au for 1.1 Moz of gold. Increases in Mineral Resources were achieved via exploration drilling and resource additions at Ramelius' Eridanus, Galaxy and Edna May gold projects in Western Australia. As in previous years, the Company's ability to consistently meet production guidance has been underpinned by realistic resource modelling and deliverable reserve estimates. Ore Reserves have been maintained, with mining depletions matched by additions. Studies on conversion of the new resources to reserves are in progress. Mt Magnet is comprised of numerous gold deposits contained within a contiguous tenement holding, located within an 8km radius of the Checkers processing facility. Ramelius has operated the project continuously since 2012. Current and recent mining operations include the Eridanus, Milky Way, Stellar and Vegas open pits and the Hill 60 and Shannon underground mines. The Edna May mine was acquired in October 2017. It comprises of the large-scale Edna May granitoid hosted, stockwork deposit and the related, adjacent Greenfinch deposit. Two higher grade cross-cutting quartz lodes, the Fuji and the Jonathan, are being mined underground within the broader Edna May deposit. Mining at the Greenfinch open pit provided the major ore source during 2021 and has recently been completed. Marda and Tampia will form major mill feed sources going forward. Vivien is a high-grade quartz lode deposit, located near Leinster. Mining commenced in 2015 and Vivien has been a steady contributor with ore trucked to the Mt Magnet mill. Marda mining operations commenced in late 2019. It consists of seven mainly BIF hosted deposits being mined by open pit. It is located 130km north of Southern Cross and ore is hauled and milled at Edna May. All deposits reported in this update have been depleted for mining during the 2021 financial year. Continued exploration, resource definition and grade control drilling has delivered increases to resources and reserves for many of the deposits including Eridanus, Galaxy, Edna May, Shannon and Vivien. The Tampia deposit is hosted within amphibolite facies mafic rocks 12km SE of Narembeen in the WA wheatbelt. Gold is hosted within shallow dipping lode/shear zones and associated with arsenopyrite. Mining commenced in April 2021 and ore is being hauled 140km to Edna May for milling. Symes Find is located 120km SSE of Edna May, also in the WA wheatbelt, and consists of lateritic and primary mineralisation hosted in mafic gneiss units similar to Tampia. The Penny project was acquired via the takeover of Spectrum Metals in early 2020. Penny West is a high grade quartz-sulphide lode discovered and mined by open pit in the early 1990's. Spectrum discovered the high grade Penny North lode in early 2019 and rapidly drill defined a significant lode resource. Mining Approvals were received in 2021 and site infrastructure works are in progress. All resources are based on combinations of RC and diamond drillholes. Sampling has been via riffle or cone splitters (RC) or by sawn half core. Assay is carried out by commercial laboratories and accompanied by appropriate QAQC samples. Generally a substantial proportion of drill data is historic in nature or gathered by previous owners, however Ramelius has added significant further drilling for all deposits, especially those forming Ore Reserves. Mineralisation has been modelled via cross-sectional interpretations using deposit appropriate lower cut-off grade envelopes and geological interpretations. Geological understanding has formed the basis of all ore interpretations and is generated prior to grade interpretations. Ore domain interpretations have then been wireframed using geological software, including Micromine, Leapfrog & Surpac. Mineralisation has been grouped by domain where required and statistical analysis, top-cutting and estimation is carried out using anisotropic search ellipses. Estimation uses Ordinary Kriging and/or Inverse Distance methods. Modelling has been undertaken with recognition of the probable mining method and minimum mining widths and the resource classifications reflect drillhole spacing, data quality, geological and grade continuity. Density information for fresh rock is generally well established and new measurements have frequently been obtained. Nearly all deposits listed, with the exceptions of Tampia and Symes, have had some degree of recent production or historic mining. Resources are reported using cut-offs approximating an AUD 1,800 – AUD 2,300/oz gold price.

Positive

Ramelius Resources Limited, 0.025 (AUD), Cash Dividend, Sep-01-2021

2021-08-26 00:00:00

Ramelius Resources Limited, 0.025 (AUD), Cash Dividend, Sep-01-2021

Positive

Ramelius Resources Limited Announces Dividend, Payable on 4 October 2021

2021-08-25 22:32:00

Ramelius Resources Limited announced a 25% increase in the dividend to 2.5 cents per share fully franked. Ex-date for dividend entitlement is 1 September 2021, Record date is 2 September 2021 and Payment date is 4 October 2021.

Neutral

Ramelius Resources Limited to Report Fiscal Year 2021 Results on Aug 26, 2021

2021-08-23 03:11:00

Ramelius Resources Limited announced that they will report fiscal year 2021 results Pre-Market on Aug 26, 2021

Neutral

Ramelius Resources Limited, 2021 Earnings Call, Aug 26, 2021

2021-08-23 03:11:00

Ramelius Resources Limited, 2021 Earnings Call, Aug 26, 2021

Positive

Ramelius Resources Limited to Seek M&A

2021-08-05 00:00:00

Ramelius Resources Limited (ASX:RMS) will look for merger and acquisition. The company's boss Mark Zeptner said the goldminer will sharpen its merger and acquisition focus during the next six to 12 months.

Positive

Ramelius Resources Limited Provides an Update to Its Mine Plan from Its Portfolio of Assets Located in Western Australia

2021-08-01 23:28:00

Ramelius Resources Limited provided an update to its Mine Plan from its portfolio of assets located in Western Australia. The Edna May Stage 3 Pre-Feasibility Study will continue until 31 December 2021. With planned drilling in the northern (Golden Point) area and recent market fluctuations affecting a number of study inputs, more time is required to appropriately finalise mineable resources, capital and operating costs. Scoping Study work at Mt Magnet has identified the opportunity to bring forward the Galaxy underground, given its potential to commence earlier than the Eridanus underground, which requires the Stage 2 open pit to be completed in FY24 before development can commence. The Vivien mine has been extended by another two years, with a further year of underground mining before an open pit is planned to mine the crown pillar on the north end of the deposit. Furthermore, a comprehensive underground diamond drilling programme is underway that will look to add further life to the underground mine that has been in operation since 2015. The high-grade Penny underground remains on track for ore production commencing at the start of FY23, with FY22 used to complete surface and underground development work. The Mine Plan shows a solid level of production over a total of nine years, targeting a 250,000oz p.a. level through the two production centres. During this timeframe both processing facilities run at maximum capacity. This nine year profile includes a two year tail where nearly 200,000oz is produced, largely from the processing of low grade stockpiles at both sites. The main body of the plan is for seven years: The first four years remain the core of this plan with production expected to exceed 250,000oz in each year. Production during these four years comes from the mainstay open pits and underground mines but the benefit of the investments made by Ramelius over the past 3 years really come home, with a huge contribution over the four years from Marda & Tampia and Penny - in total, nearly 50% of the four year production profile comes from these 3 assets. This part of the plan also sees the introduction of some new development projects that will provide the backbone of the next phase of the plan. It is envisaged that extensional exploration success, as has been delivered in the past, on existing projects will provide the high-grade uplift to the lower grade base-lode feed in the years from FY26 and beyond, ideally achieving production rates similar to the 250,000oz p.a. target. The Edna May Stage 3 Pre-Feasibility Study will be ongoing until 31 December 2021. With planned drilling in the northern (Golden Point) area and recent market fluctuations affecting a number of study inputs, more time is required to appropriately finalise mineable resources, capital and operating costs. At this stage, and for the purposes of this Mine Plan update, the Scoping Study results are included, although due to the scale of the project and associated capital investment decision, it is itemised separately. The Edna May Stage 3 project is very sensitive to gold price, grade and operating costs, particularly mining and development costs. A final strategic decision on Stage 3 will be made once the required Pre-Feasibility Study is complete and a final risk assessment is carried out prior to the financial investment decision. The Scoping Study work at Mt Magnet has brought forward the Galaxy underground, given its potential to commence earlier than the Eridanus underground, which requires the Stage 2 open pit to be completed in FY24 before development can commence. Comparing the new Mine Plan with the previous one published in June 2020 shows both a longer mine life and production at a higher annual rate, leading to a 27% increase in total ounces. Indeed, when the June 2020 Mine Plan was completed this time last year, the total forward looking production forecast was 1.45Moz. Looking back to that same date now, the production figure for the equivalent timeframe (which would now include actuals for FY21) has increased to over 2.1Moz. The key drivers of this positive change are the inclusion of the Edna May Stage 3 open pit, the new Galaxy underground and extensions at the Shannon/Hill 60 Underground at Mt Magnet. Incremental extensions, at a number of locations including the likes of Vivien, have been the "quiet achiever" at Ramelius providing a significant cumulative effect. The only reduction is from the conservative removal of the Tampia cut-back until the performance of the orebody in the current phase of mining can me be more fully understood. This may well be added back in later. Some existing infrastructure will require relocation for the Stage 3 open pit, including workshop and process water dam facilities adjacent to the processing plant. Similar to the road diversion required for the Greenfinch open pit, the Shire-owned Boodarockin Road to the east would need to be relocated for a length of approximately 1.5km. The Scoping Study included an AUD 8M allowance to re-establish such infrastructure. Areas are available for extension of the Corsini waste dump and Tailings Storage Facility to the north, on cleared Company-owned farmland. The Galaxy Underground Scoping Study progressed to preliminary mine designs outlining the potential to utilise the upper portion of the existing Hill 50 decline to access two new internal declines to stope ore from the Saturn BIF in areas below the Saturn pit and the southern half of the Mars pit. Refinement of the mine design and interrogation of the design against the resource model will continue as a priority. Considerable underground development is already in place at the Hill 50 underground, accessed from the Mars open pit, which will require re-supporting on the way down. The mine will be managed using existing mining offices and support services such as emergency services, and the mine infrastructure identified in the capital estimate includes: Power reticulation, Ventilation fans, Pumping stations and dewatering infrastructure, Light vehicles and ancillary, Open pit and portal preparation work. Ore is planned to be processed through the Mt Magnet Processing Plant as part of an overall feed blend. Mining and processing over a number of years of the Saturn and Mars orebodies has shown that high metallurgical recoveries can be achieved at the current processing grind size of nominally 120µm.

Neutral

Ramelius Resources Limited Provides Production Guidance for the First Half and Full Year of Fiscal Year 2022

2021-07-28 22:15:00

Ramelius Resources Limited provided production guidance for the First half and full year of fiscal year 2022. For the year, the company expects group gold production to be between 260,000 - 300,000 ounces at an AISC of AUD 1,425 - AUD 1,525/oz.For the first half, the company expects group gold production to be between 130,000 - 150,000 ounces at an AISC of AUD 1,450 - 1,550/oz.

Neutral

Ramelius Resources Limited, Q4 2021 Earnings Call, Jul 29, 2021

2021-07-25 22:17:00

Ramelius Resources Limited, Q4 2021 Earnings Call, Jul 29, 2021

Neutral

Ramelius Resources Limited to Report Q4, 2021 Results on Jul 29, 2021

2021-07-25 22:17:00

Ramelius Resources Limited announced that they will report Q4, 2021 results Pre-Market on Jul 29, 2021

Neutral

Ramelius Resources Limited Presents at Diggers and Dealers Mining Forum, Aug-04-2021 09:25 AM

2021-06-30 19:09:00

Ramelius Resources Limited Presents at Diggers and Dealers Mining Forum, Aug-04-2021 09:25 AM. Venue: Goldfields Arts Centre, Cheetham Street, Kalgoolie, Western Australia, Australia. Speakers: Mark William Zeptner, MD, CEO & Director.

Neutral

Ramelius Resources Limited Presents at Noosa Mining and Exploration Investor Conference, Jul-15-2021 03:45 PM

2021-06-30 18:19:00

Ramelius Resources Limited Presents at Noosa Mining and Exploration Investor Conference, Jul-15-2021 03:45 PM. Venue: Peppers Noosa Resort, Noosa Heads, Queensland, Australia. Speakers: Mark William Zeptner, MD, CEO & Director.

Fundamental Summary

At a high level, the metrics from Ramelius's Q4 financial report release were demonstrably negative. Their growth, value, and income factors performance indicate that company management are not executing well their business plan. These results suggest a challenging future for Ramelius's stock. Therefore, we assessed them with a rating of 60 and a HOLD recommendation.

Ramelius reported group production results for the quarter and year to date ended December 2021. For the quarter, the company reported group gold production of 66,919 ounces and total ore mined of 692,037 tonnes.For the year to date, the company reported group gold production of 132,605 ounces and total ore mined of 1,808,739 tonnes.

Business Description

Ramelius, together with its subsidiaries, engages in the exploration, mine development and operation, production, and sale of gold in Australia. It operates the Mt Magnet, Vivien, Edna May, and Marda gold mines around Western Australia, as well as holds interests in the Tampia and Penny gold projects. The company was incorporated in 1979 and is based in East Perth, Australia.

Sector Overview

Ramelius is included in the Metals & Mining according to GICS (global industry classification standard). The Metals & Mining industry is included in the Materials sector. It includes the producers of aluminum, iron, steel, gold, other diversified metals and minerals, and their related products, as well as the mining and production the above materials. Ramelius's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 1,012.3 19.6% 41
Liabilities 229.6 9.1% 67
Price to Book 1.7 -22.4% 49
Cash & Equivalents 157.8 -30.9% 48
Equity 782.7 23.1% 78
EBITDA 307.8 -8.9% 51
Total Revenues 602.1 -5.1% 94
Parameter Value Change Score
Return on Equity 17.4 -20.9% 48
Net Cashflow -45.9 -173.1% 59
Capital Expenditure -159.2 2.6% 81
Asset Turnover 0.7 -16.7% 58
Free Cashflow 0.1 -33.7% 56

* All values are TTM

The below chart reflects Ramelius's birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Ramelius's peer average final assessment score stands on 68.0, Ramelius's score is 60.

  •  RMS
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
BHP Group Limited 208.5B 58 71 75
Hold
69
69 0 1
Fortescue Metals Group Limited 55.0B 65 67 75
Hold
68
68 1 1
Newcrest Mining Limited 19.4B 52 66 57
Underperform
56
56 2 1
South32 Limited 18.7B 84 72 78
Buy
82
82 3 1
Mineral Resources Limited 9.2B 55 63 61
Underperform
56
56 4 1
Lynas Rare Earths Limited 8.3B 70 69 70
Hold
71
71 5 1
Northern Star Resources Limited 8.2B 56 56 73
Underperform
55
55 6 1
IGO Limited 7.8B 50 78 72
Hold
71
71 7 1
BlueScope Steel Limited 7.3B 85 72 52
Hold
72
72 8 1
Pilbara Minerals Limited 6.9B 86 69 86
Buy
83
83 9 1
Allkem Limited 6.9B 57 61 82
Hold
65
65 10 1
OZ Minerals Limited 6.2B 74 66 78
Hold
74
74 11 1
Evolution Mining Limited 4.8B 82 64 50
Hold
64
64 12 1
Alumina Limited 4.4B 50 79 72
Hold
70
70 13 1
OZ Minerals Holdings Pty Ltd 4.0B 84 61 50
Hold
73
73 14 1
Iluka Resources Limited 3.9B 77 60 74
Hold
68
68 15 1
Andean Resources Ltd. 3.7B 86 97 41
Buy
84
84 16 1
Coronado Global Resources Inc. 2.9B 83 74 81
Strong Buy
87
87 17 1
Nickel Industries Limited 2.8B 54 60 70
Underperform
56
56 18 1
AVZ Minerals Limited 2.8B 95 68 58
Hold
75
75 19 1
Sims Limited 2.7B 68 69 82
Hold
74
74 20 1
Zimplats Holdings Limited 2.6B 77 68 64
Hold
71
71 21 1
Liontown Resources Limited 2.4B 81 84 62
Buy
84
84 22 1
Perseus Mining Limited 2.3B 81 65 83
Hold
77
77 23 1
Deterra Royalties Limited 2.3B 77 61 75
Hold
69
69 24 1
Sandfire Resources Limited 1.9B 82 69 76
Buy
79
79 25 1
Core Lithium Ltd 1.8B 83 70 69
Hold
76
76 26 1
Chalice Mining Limited 1.5B 54 81 55
Hold
67
67 27 1
Grange Resources Limited 1.5B 65 64 73
Hold
66
66 28 1
Capricorn Metals Ltd 1.3B 86 69 82
Buy
82
82 29 1
West African Resources Limited 1.3B 87 59 66
Hold
68
68 30 1
Silver Lake Resources Limited 1.2B 66 63 58
Hold
62
62 31 1
De Grey Mining Limited 1.2B 66 47 73
Underperform
53
53 32 1
Gold Road Resources Limited 1.2B 64 67 56
Hold
63
63 33 1
Lake Resources NL 1.2B 66 73 68
Hold
71
71 34 1
Sayona Mining Limited 1.2B 66 73 68
Hold
71
71 35 1
Regis Resources Limited 1.1B 53 53 69
Underperform
50
50 36 1
Piedmont Lithium Inc. 1.1B 88 77 60
Buy
84
84 37 1
5E Advanced Materials Inc. 927.2M 47 58 61
Underperform
51
51 38 1
ioneer Ltd 867.9M 85 69 51
Hold
70
70 39 1
Syrah Resources Limited 856.9M 49 50 69
Underperform
46
46 40 1
Equigold NL 854.0M 50 65 87
Hold
67
67 41 1
Vulcan Energy Resources Limited 826.7M 67 78 71
Hold
77
77 42 1
Jervois Global Limited 813.1M 78 71 54
Hold
72
72 43 1
Mincor Resources NL 808.9M 62 77 57
Hold
67
67 44 1
Imdex Limited 796.9M 71 56 74
Hold
70
70 45 1
Bellevue Gold Limited 722.0M 84 69 54
Hold
70
70 46 1
St Barbara Limited 701.5M 53 70 56
Underperform
59
59 47 1
Emerald Resources NL 679.4M 60 68 84
Hold
70
70 48 1
Red 5 Limited 671.6M 47 75 59
Hold
61
61 49 1
Boart Longyear Group Ltd. 651.0M 60 74 68
Hold
69
69 50 1
Mount Gibson Iron Limited 629.5M 48 78 64
Hold
66
66 51 1
Westgold Resources Limited 575.3M 54 65 63
Underperform
58
58 52 1
OM Holdings Limited 563.6M 84 75 82
Buy
85
85 53 1
Australian Strategic Materials Ltd 540.9M 51 74 72
Hold
67
67 54 1
Neometals Ltd 531.9M 60 72 60
Hold
65
65 55 1
Adriatic Metals PLC 528.8M 66 73 68
Hold
71
71 56 1
Argosy Minerals Limited 467.8M 66 73 68
Hold
71
71 57 1
Perenti Global Limited 461.4M 60 78 67
Hold
72
72 58 1
Champion Iron Limited 441.1M 58 71 55
Hold
64
64 59 1
Panoramic Resources Limited 420.4M 58 71 67
Hold
66
66 60 1
Hastings Technology Metals Limited 404.8M 65 68 67
Hold
68
68 61 1
Alkane Resources Limited 402.0M 78 70 68
Hold
73
73 62 1
Centaurus Metals Limited 397.2M 66 73 68
Hold
71
71 63 1
Bowen Coking Coal Limited 385.5M 66 73 68
Hold
71
71 64 1
Jupiter Mines Limited 372.2M 66 81 50
Hold
64
64 65 1
Galan Lithium Limited 362.2M 66 73 68
Hold
71
71 66 1
Talga Group Ltd 359.9M 53 60 62
Underperform
53
53 67 1
BCI Minerals Limited 349.8M 71 68 60
Hold
66
66 68 1
Metals X Limited 344.8M 68 87 68
Buy
82
82 69 1
Pantoro Limited 330.8M 66 73 68
Hold
71
71 70 1
Aurelia Metals Limited 327.8M 65 58 60
Underperform
56
56 71 1
Macmahon Holdings Limited 283.7M 68 65 62
Hold
66
66 72 1
Lotus Resources Limited 277.3M 66 73 68
Hold
71
71 73 1
Firefinch Limited 236.2M 66 73 68
Hold
71
71 74 1
Andromeda Metals Limited 229.8M 66 73 68
Hold
71
71 75 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. Ramelius's stock is now priced below its 5-day, 50-day, and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a negative setup in the near, medium, and long-term. The company is trading near it's 12-month low, which signals it struggle to keep above it support price. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), Ramelius's stock indicates that it's likely oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 42.

Bearish 42
Close Price 0.94
52W Low 0.94
52W High 1.82
5D MA 1.0
50D MA 1.29
200D MA 1.45
MACD -0.09
RSI 2.65
STOCH 0.0

Balance Sheet Analysis

Ramelius's balance sheet factors had several troubling metrics this period. Ramelius assets metrics were reported as 1012.3, representing a 19.6% change from the last filing. The lack of good news about assets momentum should be a cause for concern and is often met with downward pressure on the company's stock price. Therefore, their asset component earned a score of 41. Also, Ramelius did a poor job related to managing cash and cash equivalents this period, which stood at 157.8, representing a -30.9% change from the previous filing. The company's cash and cash equivalents metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Its cash and cash equivalents movement, therefore, received a grade of 48. At the same time, one balance sheet metric, Equity, was actually strongly positive. Ramelius produced great equity metrics for this filing, demonstrating management's skill in increasing shareholder value. Ramelius's equity was reported as 782.7, which represents a 23.1% change from the last report. Companies in the same sector and market capitalization will usually be affected by up to 5.9 percent by this parameter. These equity changes appear exceptionally balanced and impressive objectively compared to their peers. Therefore, its equity movement component earned a score of 78. Because of these weaknesses, the company's balance sheet received an overall score of 56.

Parameter Value Change Score
Assets 1,012.3 19.6% 41
Liabilities 229.6 9.1% 67
Price to Book 1.7 -22.4% 49
Cash & Equivalents 157.8 -30.9% 48
Equity 782.7 23.1% 78
* All values are TTM

The below chart describes Ramelius's performance as reflected on its balance sheet with respect to its peers. While Ramelius received a balance sheet score of 56, the average of its peers stands on 67.0.

  •  RMS
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
BHP Group Limited 208.5B 74 92 47 52 76 58 0 1
Fortescue Metals Group Limited 55.0B 83 66 68 55 69 65 1 1
Newcrest Mining Limited 19.4B 85 72 46 46 73 52 2 1
South32 Limited 18.7B 74 73 80 79 74 84 3 1
Mineral Resources Limited 9.2B 83 73 52 42 90 55 4 1
Lynas Rare Earths Limited 8.3B 74 59 77 62 68 70 5 1
Northern Star Resources Limited 8.2B 87 70 56 48 65 56 6 1
IGO Limited 7.8B 43 37 80 42 63 50 7 1
BlueScope Steel Limited 7.3B 64 75 87 90 68 85 8 1
Pilbara Minerals Limited 6.9B 87 59 81 87 56 86 9 1
Allkem Limited 6.9B 53 64 44 65 89 57 10 1
OZ Minerals Limited 6.2B 87 72 72 69 72 74 11 1
Evolution Mining Limited 4.8B 47 57 76 96 54 82 12 1
Alumina Limited 4.4B 51 69 50 46 84 50 13 1
OZ Minerals Holdings Pty Ltd 4.0B 81 62 51 97 87 84 14 1
Iluka Resources Limited 3.9B 76 66 87 69 53 77 15 1
Andean Resources Ltd. 3.7B 70 37 60 97 92 86 16 1
Coronado Global Resources Inc. 2.9B 44 56 87 85 71 83 17 1
Nickel Industries Limited 2.8B 41 44 72 50 70 54 18 1
AVZ Minerals Limited 2.8B 99 56 82 98 66 95 19 1
Sims Limited 2.7B 85 72 83 49 57 68 20 1
Zimplats Holdings Limited 2.6B 80 69 68 76 73 77 21 1
Liontown Resources Limited 2.4B 43 55 82 97 37 81 22 1
Perseus Mining Limited 2.3B 81 70 73 82 66 81 23 1
Deterra Royalties Limited 2.3B 99 79 61 75 68 77 24 1
Sandfire Resources Limited 1.9B 41 64 87 87 73 82 25 1
Core Lithium Ltd 1.8B 37 55 82 94 66 83 26 1
Chalice Mining Limited 1.5B 98 78 39 46 89 54 27 1
Grange Resources Limited 1.5B 54 70 51 71 92 65 28 1
Capricorn Metals Ltd 1.3B 69 59 81 91 65 86 29 1
West African Resources Limited 1.3B 92 56 81 92 42 87 30 1
Silver Lake Resources Limited 1.2B 69 62 62 71 57 66 31 1
De Grey Mining Limited 1.2B 44 49 79 69 48 66 32 1
Gold Road Resources Limited 1.2B 83 72 56 65 60 64 33 1
Lake Resources NL 1.2B 78 74 55 64 78 66 34 1
Sayona Mining Limited 1.2B 78 74 55 64 78 66 35 1
Regis Resources Limited 1.1B 77 74 51 48 63 53 36 1
Piedmont Lithium Inc. 1.1B 97 54 82 97 39 88 37 1
5E Advanced Materials Inc. 927.2M 44 83 54 45 37 47 38 1
ioneer Ltd 867.9M 98 56 80 86 52 85 39 1
Syrah Resources Limited 856.9M 63 75 38 46 94 49 40 1
Equigold NL 854.0M 57 46 86 50 45 50 41 1
Vulcan Energy Resources Limited 826.7M 39 53 80 74 41 67 42 1
Jervois Global Limited 813.1M 71 71 44 94 95 78 43 1
Mincor Resources NL 808.9M 83 78 43 62 56 62 44 1
Imdex Limited 796.9M 59 69 83 61 75 71 45 1
Bellevue Gold Limited 722.0M 96 56 81 87 42 84 46 1
St Barbara Limited 701.5M 80 69 51 49 61 53 47 1
Emerald Resources NL 679.4M 51 58 80 51 57 60 48 1
Red 5 Limited 671.6M 49 45 39 55 96 47 49 1
Boart Longyear Group Ltd. 651.0M 85 79 39 60 87 60 50 1
Mount Gibson Iron Limited 629.5M 94 76 39 41 74 48 51 1
Westgold Resources Limited 575.3M 77 65 55 47 73 54 52 1
OM Holdings Limited 563.6M 84 69 84 81 50 84 53 1
Australian Strategic Materials Ltd 540.9M 44 69 55 46 84 51 54 1
Neometals Ltd 531.9M 97 77 46 50 97 60 55 1
Adriatic Metals PLC 528.8M 78 74 55 64 78 66 56 1
Argosy Minerals Limited 467.8M 78 74 55 64 78 66 57 1
Perenti Global Limited 461.4M 68 71 51 61 74 60 58 1
Champion Iron Limited 441.1M 66 49 73 47 67 58 59 1
Panoramic Resources Limited 420.4M 78 75 43 58 85 58 60 1
Hastings Technology Metals Limited 404.8M 75 72 56 67 67 65 61 1
Alkane Resources Limited 402.0M 45 56 83 88 40 78 62 1
Centaurus Metals Limited 397.2M 78 74 55 64 78 66 63 1
Bowen Coking Coal Limited 385.5M 78 74 55 64 78 66 64 1
Jupiter Mines Limited 372.2M 63 93 46 52 80 66 65 1
Galan Lithium Limited 362.2M 78 74 55 64 78 66 66 1
Talga Group Ltd 359.9M 90 78 38 45 95 53 67 1
BCI Minerals Limited 349.8M 86 73 58 67 82 71 68 1
Metals X Limited 344.8M 90 77 50 67 80 68 69 1
Pantoro Limited 330.8M 78 74 55 64 78 66 70 1
Aurelia Metals Limited 327.8M 85 69 59 60 72 65 71 1
Macmahon Holdings Limited 283.7M 47 61 72 78 44 68 72 1
Lotus Resources Limited 277.3M 78 74 55 64 78 66 73 1
Firefinch Limited 236.2M 78 74 55 64 78 66 74 1
Andromeda Metals Limited 229.8M 78 74 55 64 78 66 75 1

Income Statement Analysis

Ramelius seems to be balancing strong Revenue Efficiency and EBITDA along with an overall impressive positive income statement. Ramelius's financials reveal an interesting trend for their revenue efficiency. This parameter often affects companies in the same industry and market capitalization by up to 24.0%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. As a result, its revenue efficiency earned a score of 94. Also, Ramelius's management was effective in improving its EBIDTA, which now sits at 307.8 and represents a -8.9% change from the last reporting period. Companies in the same industry and market capitalization are typically affected by this parameter by up to 20.0%. Its EBITDA metrics highlight an impressive overall financial performance, which is expected to continue moving forward. Therefore, its EBITDA component earned a score of 51. However, one discouraging result, Return Factors, stood out. Ramelius's reported return on equity (ROE) ratio was 17.4, representing a change of -20.9%. This metric might have a 10.6 percent impact on companies in the same industry and with the same market capitalization. They does not yet appear to be headed in the right direction regarding these return on equity and return on assets metrics. Therefore, their return factors component earned a score of 48. Consequently, the companie's income statement earned a rank of 68.

Parameter Value Change Score
EBITDA 307.8 -8.9% 51
Total Revenues 602.1 -5.1% 94
Return on Equity 17.4 -20.9% 48
* All values are TTM

The below chart describes Ramelius's performance as reflected on its income statement with respect to its peers. While Ramelius received a income statement score of 68 , the average of its peers stands on 71.0.

  •  RMS
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
BHP Group Limited 208.5B 64 79 79 71 0 1
Fortescue Metals Group Limited 55.0B 58 78 75 67 1 1
Newcrest Mining Limited 19.4B 95 45 48 66 2 1
South32 Limited 18.7B 47 94 95 72 3 1
Mineral Resources Limited 9.2B 94 42 44 63 4 1
Lynas Rare Earths Limited 8.3B 50 91 83 69 5 1
Northern Star Resources Limited 8.2B 48 66 68 56 6 1
IGO Limited 7.8B 98 72 48 78 7 1
BlueScope Steel Limited 7.3B 86 71 66 72 8 1
Pilbara Minerals Limited 6.9B 38 96 96 69 9 1
Allkem Limited 6.9B 46 75 74 61 10 1
OZ Minerals Limited 6.2B 48 82 82 66 11 1
Evolution Mining Limited 4.8B 94 46 43 64 12 1
Alumina Limited 4.4B 87 73 76 79 13 1
OZ Minerals Holdings Pty Ltd 4.0B 39 88 45 61 14 1
Iluka Resources Limited 3.9B 50 62 89 60 15 1
Andean Resources Ltd. 3.7B 37 89 91 97 16 1
Coronado Global Resources Inc. 2.9B 39 98 97 74 17 1
Nickel Industries Limited 2.8B 66 61 55 60 18 1
AVZ Minerals Limited 2.8B 87 63 41 68 19 1
Sims Limited 2.7B 45 90 92 69 20 1
Zimplats Holdings Limited 2.6B 94 50 52 68 21 1
Liontown Resources Limited 2.4B 87 78 91 84 22 1
Perseus Mining Limited 2.3B 42 88 83 65 23 1
Deterra Royalties Limited 2.3B 45 83 66 61 24 1
Sandfire Resources Limited 1.9B 64 73 74 69 25 1
Core Lithium Ltd 1.8B 87 47 81 70 26 1
Chalice Mining Limited 1.5B 99 65 76 81 27 1
Grange Resources Limited 1.5B 74 61 61 64 28 1
Capricorn Metals Ltd 1.3B 37 98 97 69 29 1
West African Resources Limited 1.3B 43 84 63 59 30 1
Silver Lake Resources Limited 1.2B 95 42 41 63 31 1
De Grey Mining Limited 1.2B 44 45 76 47 32 1
Gold Road Resources Limited 1.2B 94 48 49 67 33 1
Lake Resources NL 1.2B 87 62 66 73 34 1
Sayona Mining Limited 1.2B 87 62 66 73 35 1
Regis Resources Limited 1.1B 65 50 45 53 36 1
Piedmont Lithium Inc. 1.1B 87 63 68 77 37 1
5E Advanced Materials Inc. 927.2M 74 37 56 58 38 1
ioneer Ltd 867.9M 87 55 60 69 39 1
Syrah Resources Limited 856.9M 38 67 62 50 40 1
Equigold NL 854.0M 79 44 91 65 41 1
Vulcan Energy Resources Limited 826.7M 87 67 84 78 42 1
Jervois Global Limited 813.1M 37 94 93 71 43 1
Mincor Resources NL 808.9M 98 57 59 77 44 1
Imdex Limited 796.9M 77 60 56 56 45 1
Bellevue Gold Limited 722.0M 87 44 83 69 46 1
St Barbara Limited 701.5M 93 56 53 70 47 1
Emerald Resources NL 679.4M 37 96 94 68 48 1
Red 5 Limited 671.6M 95 58 66 75 49 1
Boart Longyear Group Ltd. 651.0M 93 58 67 74 50 1
Mount Gibson Iron Limited 629.5M 99 62 66 78 51 1
Westgold Resources Limited 575.3M 84 58 43 65 52 1
OM Holdings Limited 563.6M 50 96 97 75 53 1
Australian Strategic Materials Ltd 540.9M 91 62 66 74 54 1
Neometals Ltd 531.9M 87 66 56 72 55 1
Adriatic Metals PLC 528.8M 87 62 66 73 56 1
Argosy Minerals Limited 467.8M 87 62 66 73 57 1
Perenti Global Limited 461.4M 73 81 87 78 58 1
Champion Iron Limited 441.1M 95 50 45 71 59 1
Panoramic Resources Limited 420.4M 95 50 62 71 60 1
Hastings Technology Metals Limited 404.8M 90 51 53 68 61 1
Alkane Resources Limited 402.0M 68 74 74 70 62 1
Centaurus Metals Limited 397.2M 87 62 66 73 63 1
Bowen Coking Coal Limited 385.5M 87 62 66 73 64 1
Jupiter Mines Limited 372.2M 96 46 50 81 65 1
Galan Lithium Limited 362.2M 87 62 66 73 66 1
Talga Group Ltd 359.9M 87 40 47 60 67 1
BCI Minerals Limited 349.8M 94 47 56 68 68 1
Metals X Limited 344.8M 94 84 79 87 69 1
Pantoro Limited 330.8M 87 62 66 73 70 1
Aurelia Metals Limited 327.8M 68 58 49 58 71 1
Macmahon Holdings Limited 283.7M 88 51 48 65 72 1
Lotus Resources Limited 277.3M 87 62 66 73 73 1
Firefinch Limited 236.2M 87 62 66 73 74 1
Andromeda Metals Limited 229.8M 87 62 66 73 75 1

Cash Flow Analysis

Capex and Net Cash Flow stand out as the most significant drivers of Ramelius's cash flow's strength. Ramelius's management was effective in improving its CapEx, which now sits at -159.2 and represents 2.6% change from the previous report. This remarkable CapEx growth is expected to reinforce upward momentum for its's stock price going forward. The company's CapEx movement, therefore, received a grade of 81. Also, Ramelius's strong net cash flow numbers, which were -45.9 in this filing, showed a -173.1% change from the last period. Their net cash flow metrics are especially remarkable relative to their peers. The company's net cash flow, therefore, received a grade of 59. However, one discouraging result, Free Cash flow, stood out. Ramelius's published free cash flow numbers were subpar and could mean that management has lost focus on achieving healthy growth. Ramelius recorded free cash flow of 0.1, which represents -33.7% growth from the previous report. Companies in the same industry and market capitalization are typically affected by this parameter by up to 4.3%. These free cash flow numbers show that management has not been executing well in generating critical cash flow while also encouraging growth. Its free cash flow movement, therefore, received a grade of 56. The company's cash flow received an overall score of 62.

Parameter Value Change Score
Net Cashflow -45.9 -173.1% 59
Capital Expenditure -159.2 2.6% 81
Asset Turnover 0.7 -16.7% 58
Free Cashflow 0.1 -33.7% 56
* All values are TTM

The below chart describes Ramelius's performance as reflected on its cash flow with respect to its peers. While Ramelius received a cash flow score of 62, the average of its peers stands on 71.0.

  •  RMS
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
BHP Group Limited 208.5B 70 77 80 71 75 0 1
Fortescue Metals Group Limited 55.0B 74 78 69 74 75 1 1
Newcrest Mining Limited 19.4B 58 48 63 55 57 2 1
South32 Limited 18.7B 72 86 82 75 78 3 1
Mineral Resources Limited 9.2B 58 69 54 63 61 4 1
Lynas Rare Earths Limited 8.3B 78 63 76 58 70 5 1
Northern Star Resources Limited 8.2B 70 58 54 91 73 6 1
IGO Limited 7.8B 80 73 66 57 72 7 1
BlueScope Steel Limited 7.3B 48 47 56 70 52 8 1
Pilbara Minerals Limited 6.9B 87 97 76 78 86 9 1
Allkem Limited 6.9B 75 77 70 84 82 10 1
OZ Minerals Limited 6.2B 69 97 66 73 78 11 1
Evolution Mining Limited 4.8B 54 49 61 39 50 12 1
Alumina Limited 4.4B 68 74 76 70 72 13 1
OZ Minerals Holdings Pty Ltd 4.0B 49 86 84 39 50 14 1
Iluka Resources Limited 3.9B 75 84 52 74 74 15 1
Andean Resources Ltd. 3.7B 40 55 56 37 41 16 1
Coronado Global Resources Inc. 2.9B 77 86 53 93 81 17 1
Nickel Industries Limited 2.8B 75 63 76 61 70 18 1
AVZ Minerals Limited 2.8B 60 69 76 37 58 19 1
Sims Limited 2.7B 83 98 56 82 82 20 1
Zimplats Holdings Limited 2.6B 75 77 63 44 64 21 1
Liontown Resources Limited 2.4B 59 69 76 51 62 22 1
Perseus Mining Limited 2.3B 69 94 90 83 83 23 1
Deterra Royalties Limited 2.3B 77 88 96 51 75 24 1
Sandfire Resources Limited 1.9B 73 85 63 71 76 25 1
Core Lithium Ltd 1.8B 61 69 76 72 69 26 1
Chalice Mining Limited 1.5B 53 62 84 38 55 27 1
Grange Resources Limited 1.5B 75 79 76 62 73 28 1
Capricorn Metals Ltd 1.3B 81 83 81 79 82 29 1
West African Resources Limited 1.3B 73 84 42 58 66 30 1
Silver Lake Resources Limited 1.2B 63 53 64 47 58 31 1
De Grey Mining Limited 1.2B 80 69 76 61 73 32 1
Gold Road Resources Limited 1.2B 57 57 54 50 56 33 1
Lake Resources NL 1.2B 68 69 76 60 68 34 1
Sayona Mining Limited 1.2B 68 69 76 60 68 35 1
Regis Resources Limited 1.1B 65 76 68 69 69 36 1
Piedmont Lithium Inc. 1.1B 59 62 69 54 60 37 1
5E Advanced Materials Inc. 927.2M 55 48 71 71 61 38 1
ioneer Ltd 867.9M 47 57 54 51 51 39 1
Syrah Resources Limited 856.9M 59 58 43 98 69 40 1
Equigold NL 854.0M 91 69 72 84 87 41 1
Vulcan Energy Resources Limited 826.7M 67 69 76 69 71 42 1
Jervois Global Limited 813.1M 43 51 38 82 54 43 1
Mincor Resources NL 808.9M 63 63 72 45 57 44 1
Imdex Limited 796.9M 71 72 79 73 74 45 1
Bellevue Gold Limited 722.0M 51 64 56 51 54 46 1
St Barbara Limited 701.5M 54 46 71 55 56 47 1
Emerald Resources NL 679.4M 84 81 80 81 84 48 1
Red 5 Limited 671.6M 68 49 48 59 59 49 1
Boart Longyear Group Ltd. 651.0M 62 74 81 63 68 50 1
Mount Gibson Iron Limited 629.5M 68 69 59 56 64 51 1
Westgold Resources Limited 575.3M 59 69 71 59 63 52 1
OM Holdings Limited 563.6M 75 90 90 75 82 53 1
Australian Strategic Materials Ltd 540.9M 72 69 76 69 72 54 1
Neometals Ltd 531.9M 62 54 71 52 60 55 1
Adriatic Metals PLC 528.8M 68 69 76 60 68 56 1
Argosy Minerals Limited 467.8M 68 69 76 60 68 57 1
Perenti Global Limited 461.4M 61 69 54 78 67 58 1
Champion Iron Limited 441.1M 56 69 51 49 55 59 1
Panoramic Resources Limited 420.4M 69 69 79 54 67 60 1
Hastings Technology Metals Limited 404.8M 65 68 74 57 67 61 1
Alkane Resources Limited 402.0M 69 58 68 71 68 62 1
Centaurus Metals Limited 397.2M 68 69 76 60 68 63 1
Bowen Coking Coal Limited 385.5M 68 69 76 60 68 64 1
Jupiter Mines Limited 372.2M 51 51 84 44 50 65 1
Galan Lithium Limited 362.2M 68 69 76 60 68 66 1
Talga Group Ltd 359.9M 53 48 76 70 62 67 1
BCI Minerals Limited 349.8M 62 54 76 49 60 68 1
Metals X Limited 344.8M 70 81 72 55 68 69 1
Pantoro Limited 330.8M 68 69 76 60 68 70 1
Aurelia Metals Limited 327.8M 72 58 54 49 60 71 1
Macmahon Holdings Limited 283.7M 72 53 46 57 62 72 1
Lotus Resources Limited 277.3M 68 69 76 60 68 73 1
Firefinch Limited 236.2M 68 69 76 60 68 74 1
Andromeda Metals Limited 229.8M 68 69 76 60 68 75 1

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