Several Australian gold miners have released their preliminary production and sales results for the June 2025 quarter, where multiple records were achieved and guidances were met.
Northern Star Resources
Northern Star Resources sold 444,000 ounces (oz) of gold during the June 2025 quarter, bringing the miner’s sales for the 2024–25 financial year (FY25) to approximately 1,634,000oz.
Northern Star’s total sales for FY25 are within the company’s revised group guidance range of 1,630,000–1,660,000oz and the all-in sustaining cost is expected to be within $2100–2200/oz.
The Kalgoorlie production centre in Western Australia sold 832,000oz during FY25, a result below the revised guidance range. A total of 118,000oz was sold during the June quarter, with Northern Star crediting improved mining productivity across both underground and open pit ore sources.
Production from the Yandal production centre in WA fell in the mid-point of revised guidance, selling 518,000oz.
The Pogo operations in Alaska, US sold 283,000oz, a result above the top end of the revised 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 KCGM (Kalgoorlie Consolidated Gold Mines) mill expansion is one of the key enablers to achieving this goal and with mill commissioning on track for early FY27, ancillary projects are required in readiness.”
During FY25, Northern Star acquired De Grey Mining, bringing one of the world’s largest undeveloped gold projects into the fold.
Northern Star plans to spend $140–150 million on ongoing engineering and design and commitments for long lead time items at the Hemi gold project during FY26.
Regis Resources
Regis Resources produced approximately 87,400oz during the June quarter, bringing the company’s total FY25 gold production to 373,000oz.
Regis’ FY25 production fell within its guidance of 350,000–380,000oz.
The Duketon gold operation in WA produced about 59,300oz during the June quarter and the Tropicana gold operation in WA – a 30:70 joint venture between Regis and AngloGold Ashanti – delivered approximately 28,100oz. Both mines met their FY25 guidances.
“The team has done an excellent job executing to plan while also identifying and producing additional opportunistic ounces,” Regis managing director and chief executive officer Jim Beyer said.
“With gold prices expected to remain strong, we see this trend continuing.”
Regis’ cash and bullion build for the June quarter was $150 million, with its total cash and bullion equalling $517 million on June 30.
Ramelius Resources
Ramelius Resources has delivered a record FY25 by producing 301,664oz, exceeding its upgraded guidance range of 290,000–300,000oz.
Ramelius produced 73,454oz during the June quarter, a result above its quarterly guidance of 62,000–72,000oz.
“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,” Ramelius managing director Mark Zeptner said.
“Just as importantly, 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. In the near team, we are working towards completion of our previously announced transaction with Spartan Resources.
“We plan to embrace their exploration DNA, which led to the discovery of the highest-grade undeveloped gold project in Australia, importantly right in our backyard.
“Our combined companies are currently well advanced on integration activities and associated studies in anticipation of Spartan shareholders approving the scheme and other regulatory approvals being obtained by July 31.”
Ramelius closed the June quarter with $809.7 million in cash and gold balance, with its full year underlying free cash flow equalling $694.9 million as of June 30.
Bellevue Gold
Bellevue Gold has achieved a record free cash flow of $67 million for the June quarter, a result more than double the free cash flow achieved in the previous quarter.
The company produced 38,941oz during the period, following a record 287,000 tonnes (t) processed at 4.5 grams per tonne (g/t) and 94.4 per cent recovery. The result was below the lower end of Bellevue Gold’s June quarter guidance of 40,000–45,000oz.
“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 Gold said.
Bellevue Gold sold 38,754oz at an average sale price of $5147/oz during the June quarter, with all gold sold at spot gold prices. The company’s gold sales for FY25 totalled 130,164oz.
“The June 2025 quarter reflected much improved performance across all key aspects of the operation,” Bellevue Gold said.
“In the month of June 2025, the operation achieved a monthly record of 130,000t mined at 4.6 g/t gold for 19,400oz and a monthly record of 111,000t processed at 5.3 g/t gold at (approximately) 95 per cent recovery for 18,100oz. Development rates also averaged 311m per jumbo per month in June 2025, the highest monthly development rate achieved in FY25.
“The strong mining and production rates recorded towards the end of the year position the company favourably going into FY26.”
Alkane Resources
Alkane Resources’ Tomingley gold operation in New South Wales has met its FY25 guidance of 70,000–80,000oz, producing 70,120oz.
A total of 19,193oz was produced during the June quarter, with Alkane holding $60,3 million in cash and bullion as of June 30.
“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,” Alkane managing director Nic Earner said.
“Alkane’s board and management acknowledge and thank the employees and contractors of the company for their strong and continued commitment to safety, production and exploration performance.
“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 the June quarter with $12.3 million in underlying free cashflow before the company paid $4.1 million in land purchases relating to the Boda-Kaiser gold project in NSW.