Australia's Ramelius Resources near one-month low on cost forecast hike

Ramelius Resources

29/04/2026 05:44

** Shares of Australia's Ramelius Resources RMS.AX fall as much as 3% to A$3.56, their lowest level since March 31

** Gold miner updates FY26 all-in sustaining costs (AISC) estimate to A$1,900–A$2,050 ($1,360.59-$1,468.01)/oz, up from A$1,700–A$1,900/oz previously expected

** Says Dalgaranga commercial production was declared earlier than planned, resulting in additional costs counted under AISC that otherwise would have been treated as growth capital, others

 ** Stock down 14.2% YTD, including session's moves

($1 = 1.3965 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))