2256 GMT - Ramelius Resources may downgrade guidance for FY 2026 all-in sustaining costs when fleshing out its 3Q performance on April 29, Shaw & Partners says. Ramelius's preliminary update pointed to gold output of 38,100 oz, representing another sequential drop. Ramelius is targeting AISC of A$1,700-A$1,900/oz in FY 2026. "The lower gold production in 3Q suggests unit AISC could be higher than 1Q/2Q," analyst Alex Barkley says. Ramelius has also faced rising diesel costs. Shaw cuts its FY26 production forecast to 194,000 oz from 201,000 oz. It increases its FY26 AISC forecast to A$1,960/oz, from A$1,825/oz. Still, Shaw notes consensus forecasts already anticipate a miss. "This could limit any potential market weakness on the softer Q3, and incrementally negative FY26 guidance commentary," Shaw says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

April 08, 2026 18:56 ET (22:56 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.