ASX:RMS
Ramelius Resources Ltd
Investment Summary
The fund managers believe that Ramelius Resources Ltd (RMS) presents a compelling investment opportunity, particularly given its expected production of 270,000 to 300,000 ounces of gold in FY25. They have gained confidence through discussions with company management regarding their strategic direction. The fund managers view the recent merger with Spartan Resources (SPR) as transformational, with potential production exceeding 500,000 ounces annually and achieving industry-leading unit costs. They anticipate further insights into the consolidated mine plan that will likely emphasize a robust and sustainable free cash flow outlook for investors. Overall, the fund managers express a strong conviction in RMS's growth prospects.
Commentary From The Managers
Endeavor Asset Management
31 Mar 2025
$2.37
- Endeavor Asset Management initiated a position in Australian gold miner Ramelius Resources (RMS) due to its suite of high-quality assets.
- RMS is expected to deliver between 270,000 and 300,000 ounces of gold in FY25.
- Recent discussions with company management have strengthened Endeavor's conviction in RMS's strategic direction.
- In December, RMS announced a merger with Spartan Resources (SPR), viewed positively by the fund manager.
- The combined group could produce in excess of 500,000 ounces annually with industry-leading unit costs.
- Further details on the consolidated mine plan are expected, reinforcing a robust and sustainable free cash flow outlook.
Please note: The completeness, accuracy or current status of the investments referenced are not guaranteed.