Full Year 2024 Ramelius Resources Ltd Earnings Call Transcript
Key Points
- Record gold production of 293,000 ounces, a 22% increase from the previous year.
- Top line revenue increased by 40% to AUD882.6 million.
- EBITDA rose by 67% to AUD462.2 million, with a margin of 52%.
- Net profit after tax surged by 166% to AUD200.3 million.
- Declared a fully franked dividend of AUD0.05 per share, a 150% increase from the prior year.
- Mining activities at the Edna May hub, including Tampia, were completed, leading to lower ore tons mined.
- Interruptions to the CV01 conveyor repairs at Mt Magnet affected operations.
- Higher all-in sustaining costs at Edna May due to noncash drawdowns of existing stockpiles.
- Significant capital expenditure on plant equipment, mine development, and exploration totaling AUD123.1 million.
- Guidance for FY25 indicates comparable gold production to FY24, with no significant increase expected.
Thank you for standing by, and welcome to the Ramelius Resources full-year financial teleconference. (Operator Instructions)
I would now like to hand the conference over to Mr. Mark Zeptner, Managing Director. Please go ahead.
Thank you, Sigar. Good morning, everyone. Thank you for taking the time to dial-in this morning to our FY24 results call. Alongside me is Chief Financial Officer, Darren Millman, who will drill down into the financials after I've covered off on the highlights.
This morning, we have uploaded to the ASX platform, along with our website a number of documents, including our FY24 financial results summary and the presentation, which we'll be largely speaking to you this morning, and also our audited statutory financial report.
As mentioned, I will initially discuss the high-level FY24 results, then Darren will dive into a bit more detail, and then we'll talk about the FY25 outlook and also the dividend that we
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