Ramelius Resources has announced the approval of up to $250 million be raised through share buybacks in an effort to grow operations throughout the next three years.

An increase of minimum share dividend has also been approved, rising to two cents per share per annum – with the initiatives forming what Ramelius describes as “capital allocation pillars” for the 2026 and 2027 financial year.

The funding push is in line with the company’s goal of becoming a 500,000-ounce producer – with the strategy now focusing to “maintain and grow” shareholder returns.

Pursuing organic growth and expanding exploration efforts are also key factors for this new round of capital raising, with the Never Never underground mine at the Dalgaranga project, located 475km northeast of Perth, continuing to develop next year with an approximately one million tonnes per annum production quota set for the 2028 financial year.

Raising of funds through the share buyback will ensure money can be re-invested into the business, maintain a strong balance sheet and increase shareholder returns.

“This capital management initiative is underpinned by our track record of consistently delivering strong free cash flow and our confidence that it will continue into the future,” Ramelius managing director Mark Zeptner said.

“Importantly, we remain fully funded, our production profile is growing and we anticipate further increases in our free cash flow returns. As our capital investments over the coming years start to yield benefits, we anticipate being able to provide shareholders with even better returns.”

It’s understood the buyback will commence on or around December 24.

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