Sydney, Feb 23, 2026, 18:17 AEDT — Markets ended the session with trading closed.
- Ramelius (ASX:RMS) settled at A$4.88, climbing 8.2% by the close.
- With this latest disclosure, buybacks have now topped 1.2 million shares.
- Plenty for the tape to digest—one director unloaded shares, plus a fresh investor deck dropped.
Ramelius Resources surged 8.2% to A$4.88 on Monday, lifted by firmer gold prices. The stock posted gains even as parts of the Australian market lost ground.
Gold jumped to a three-week high, lifted by a U.S. Supreme Court tariff decision that knocked the dollar and spooked investors into safer ground. “The court’s tariff ruling has added another layer of uncertainty to global markets, with traders again turning to gold as a defensive play,” said Tim Waterer, chief market analyst at KCM Trade. Waterer said whether gold can clear $5,400 soon comes down to how long this tariff-driven uncertainty lasts. Reuters
Australian gold miners mostly moved in line with bullion, shrugging off weaker risk appetite seen elsewhere. Evolution Mining and Greatland Resources climbed as well. Tariffs and ongoing geopolitical tensions kept gold in favor, market notes from Global X ETFs strategist Marc Jocum said.
Early in the session, Ramelius updated the market, revealing it repurchased 1,235,503 shares on Feb. 20 for a total of A$5.56 million. The daily filing showed the price reached up to A$4.60 per share. That leaves 72,569,626 shares still on the table before the buyback maxes out.
Ramelius has put out its latest investor deck for BMO’s Global Metals, Mining & Critical Minerals Conference, laying out a “growth pathway” aiming for 500,000 ounces annually by fiscal 2030. In the presentation, the miner kept to its FY26 forecast: 195,000 ounces, with all-in sustaining costs (AISC) at A$1,800 per ounce, factoring in both operating and sustaining costs. Ramelius Resources
Non-executive director Fiona Jane Murdoch sold 74,200 shares on February 23, with each share going for A$4.69 in on-market trades, a new filing shows. Murdoch now has 4,000 shares left, held indirectly.
With the ASX shuttered until Tuesday, traders are left watching to see whether bullion holds onto Monday’s gains, and whether tariff chatter keeps nudging money toward defensive corners.
This trade can unravel just as fast. Gold pulls back or the dollar firms, and miners get hit hard. Boards might also scale back share buybacks if they think valuations have gotten ahead of the fundamentals.
Ramelius will trade ex-dividend for its interim payout on March 16. The company’s next quarterly report is due April 28.
