Australian Gold Miners Report Strong FY25 Results and Quarterly Records
Several major Australian gold mining companies have released their June 2025 quarter results, revealing record-breaking production figures and strong cash positions. The June quarter marks a successful close to FY25, with many miners meeting or exceeding guidance across operations in Western Australia and beyond.
Northern Star Resources: Solid Full-Year Performance
Northern Star Resources reported gold sales of 444,000 ounces for the June 2025 quarter, bringing total FY25 sales to approximately 1.634 million ounces. This result sits within the revised guidance range of 1.63 to 1.66 million ounces, with the all-in sustaining cost expected between $2100 and $2200 per ounce.
In Western Australia, the Kalgoorlie production centre delivered 832,000 ounces over FY25, slightly below revised expectations. June quarter sales from Kalgoorlie reached 118,000 ounces, with the company citing stronger mining productivity across both open pit and underground operations.
The Yandal production centre met expectations at the midpoint of guidance, recording 518,000 ounces sold. Meanwhile, the Pogo operations in Alaska outperformed, selling 283,000 ounces — exceeding the upper end of guidance.
“Northern Star continues to advance major growth projects to achieve its goal of being a long-life, high margin, returns focused global gold producer (bottom half of the global cost curve),” Northern Star said.
The company highlighted the Kalgoorlie Consolidated Gold Mines (KCGM) mill expansion as a central part of its long-term strategy. The mill is on track for commissioning in early FY27.
In FY25, Northern Star also acquired De Grey Mining, securing one of the largest undeveloped gold projects globally. The company plans to invest up to $150 million in engineering and long-lead items at the Hemi project during FY26.
Regis Resources: Consistent Execution and Growing Cash Position
Regis Resources produced 87,400 ounces in the June quarter, bringing FY25 output to 373,000 ounces. This total falls within its guidance range of 350,000 to 380,000 ounces.
The Duketon operation in WA contributed 59,300 ounces, while the Tropicana mine — operated as a joint venture with AngloGold Ashanti — added 28,100 ounces. Both projects met their full-year production guidance.
“The team has done an excellent job executing to plan while also identifying and producing additional opportunistic ounces,” said managing director and CEO Jim Beyer. “With gold prices expected to remain strong, we see this trend continuing.”
Regis added $150 million in cash and bullion during the June quarter, reaching a total of $517 million by the end of FY25.
Ramelius Resources: Record-Breaking Year with Strong Cash Flow
Ramelius Resources surpassed expectations with FY25 gold production of 301,664 ounces, beating its upgraded guidance range of 290,000 to 300,000 ounces. June quarter output totalled 73,454 ounces, above the quarterly guidance range.
“Today, I am proud to announce the operations team has done it again, our second consecutive year of record gold production and cash generation, as we cracked the 300,000-ounce mark for the first time,” said managing director Mark Zeptner.
He also noted the company’s consistent track record. “We have achieved our fifth straight year of meeting or exceeding both production and cost guidance. This is, and will continue to be, a core value of Ramelius.”
Ramelius ended FY25 with a cash and gold balance of $809.7 million and delivered $694.9 million in underlying free cash flow. The company is advancing its transaction with Spartan Resources, aiming to integrate high-grade exploration assets into its portfolio.
Bellevue Gold: Operational Growth and Record Cash Flow
Bellevue Gold generated $67 million in free cash flow for the June quarter, more than double its previous quarter. The company produced 38,941 ounces of gold, slightly below the June quarter guidance of 40,000 to 45,000 ounces.
“Quarterly gold production was impacted by a short delay accessing a key stope at Deacon, as well as some unplanned plant maintenance early in the quarter,” Bellevue said.
The company processed 287,000 tonnes at 4.5 grams per tonne with a 94.4 percent recovery rate. Total gold sales for FY25 reached 130,164 ounces at an average price of $5147 per ounce.
Bellevue reported record monthly figures in June, with 130,000 tonnes mined at 4.6 g/t and 111,000 tonnes processed at 5.3 g/t, delivering 18,100 ounces. The company also recorded its highest development rate of the year.
“The strong mining and production rates recorded towards the end of the year position the company favourably going into FY26,” Bellevue said.
Alkane Resources: Meeting Targets and Looking Ahead
Alkane Resources achieved its FY25 gold production guidance with 70,120 ounces from the Tomingley operation in New South Wales. June quarter production reached 19,193 ounces, supported by new processing infrastructure and increased underground output.
“Tomingley has had an excellent year with increased production from the Roswell underground and the successful commissioning of both a new paste plant and a flotation and fine grind circuit,” said Alkane managing director Nic Earner.
“Alkane’s operation at Tomingley, combined with our merger with Mandalay Resources, place us firmly into the mid-tier gold companies on the ASX. We look forward to the year ahead and delivering for our shareholders.”
Alkane closed FY25 with $60.3 million in cash and bullion and $12.3 million in underlying free cash flow. The company also finalised $4.1 million in land purchases at its Boda-Kaiser gold project in New South Wales.
Strong FY25 Signals Confidence in Australian Gold Sector
Australian gold producers have delivered solid financial and operational results in the June 2025 quarter. Several companies exceeded expectations, positioned for growth in FY26. Continued investment in processing capacity, exploration, and strategic acquisitions highlights the strength and competitiveness of the domestic gold mining sector.