S&P/ASX All Ordinaries Index (ASX: XAO) shares finished down 0.33% on a weak day of earnings season, with many companies including these two ASX gold stocks releasing their results today.
Let's take a look at what these ASX gold miners reported.
Gold Road Resources Ltd (ASX: GOR)
Here are the highlights Gold Road's full-year results for FY22:
- Record gold sales of 156,426 ounces, up from 124,335 ounces in the prior corresponding period (pcp) of FY21
- Revenue from gold sales of $382.9 million, up from $274.8 million pcp
- Average realised gold price of $2,448 per ounce, up from $2,210 per ounce pcp
- Earnings before interest, taxes, depreciation, and amortisation (EBITDA) of $180.8 million, up from $120.2 million pcp, with a margin of 47%, up from 44% pcp
- Consolidated net profit after tax (NPAT) of $63.7 million, up from $36.8 million pcp
- Basic earnings per share (EPS) of 6.49 cents, up from 4.18 cents pcp
- Operating cash flow of $132.2 million, up from $89.2 million pcp
- Fully franked dividend of 0.5 cents per share for 2H FY22, payable on 27 March.
Gold Road has a strong balance sheet with no debt, and cash and short-term deposits of $74.4 million. This is down on the $131.5 million generated in 2021, with outflows of $121.8 million largely related to its takeover of DGO Gold Ltd and its strategic investment in De Grey Mining Limited (ASX: DEG).
The ASX gold share finished the session on Thursday up 1.4% to $1.45 apiece.
Regis Resources Ltd (ASX: RRL)
Here are the highlights of Regis Resources' 1H FY23 results:
- Gold sales of 227 koz, up from 217 koz on the pcp of 1H FY22
- Gold revenue of $536 million, up from $489 million pcp
- Underlying EBITDA of $197 million with a 37% margin, down from $221 million with a 45% margin pcp
- Statutory NPAT loss of $30 million, down from a positive NPAT of $26 million pcp
- No interim dividend will be paid.
Regis maintained its production guidance for FY23 of 450 koz to 500 koz, with all-in sustaining costs expected at the upper end of the $1,525 to $1,625 per ounce range.
Regis also provided an updated mineral resource and ore reserve estimate for its 30% Tropicana joint venture in Western Australia today.
The project's mineral resources estimate is now 6.25 Moz. Its ore reserves estimate is now 2.1 Moz.
The ASX gold share finished the day down 3.51% to $1.785 apiece.
