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GoldHub Report · 28 October 2026

Ramelius Resources (RMS): The Build Is Progressing; the Grade Is Not

Ramelius Resources’ September-quarter production fell 9% to 48,839 ounces as lower grades and wet weather disrupted high-grade ore haulage. Cash and gold rose A$118 million to A$768 million, but Never Never delivered 4.20 g/t against a 6.2 g/t FY27 plan — the key test for the growth story.

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