Mt Magnet expansion drives growth plan for Ramelius - Australian Mining

AI desk brief

Ramelius Resources is lifting its FY30 production target to 560,000–610,000 oz, up 11% from its October 2025 plan and 205% above FY26 output, with AISC guided at $2,100–2,400/oz. For FY27, it plans 205,000–225,000 oz at $2,150–2,350/oz, underscoring a strong multi-year growth profile despite sector-wide cost inflation.

The growth plan is anchored by an expansion of the Mt Magnet hub in Western Australia, including a new 3 Mtpa second circuit, now budgeted at $280m versus $223m previously. First completion is targeted for the December 2027 quarter, with commercial production in March 2028, while broader infrastructure upgrades aim to support processing capacity beyond 4.3 Mtpa.