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Spin precession in magnetic materials is commonly modelled with the classical phenomenological Landau-Lifshitz-Gilbert (LLG) equation. Based on a quantized three-dimensional spin + environment Hamiltonian, we here derive a spin operator equation of motion that describes precession and includes a general form of damping that consistently accounts for memory, coloured noise and quantum statistics. The LLG equation is recovered as its classical, Ohmic approximation. We further introduce resonant Lorentzian system-reservoir couplings that allow a systematic comparison of dynamics between Ohmic and non-Ohmic regimes. Finally, we simulate the full non-Markovian dynamics of a spin in the semi-classical limit. At low temperatures, our numerical results demonstrate a characteristic reduction and flattening of the steady state spin alignment with an external field, caused by the quantum statistics of the environment. The results provide a powerful framework to explore general three-dimensional dissipation in quantum thermodynamics.