It's been another day, another rise in the share markets (making it ten-for-ten, touch wood), and another day of earnings reports from our favourite ASX shares so far this Thursday. Particularly so for ASX gold shares.
This morning, we heard from a leading ASX gold stock in Northern Star Resources Ltd (ASX: NST). As we covered then, it was a bumper FY2024 for Northern Star, with this precious metals producer reporting a 48% rise in cash earnings to $1.81 billion, alongside a 19% increase in revenues to $4.92 billion.
That resulted in Northern Star revealing a 9% rise in reported net profit after tax (NPAT) to $639 million, which helped the company declare a final dividend of 25 cents per share, up 61% year over year.
Investors have greeted Northern Star's earnings with enthusiasm, evidenced by this ASX gold share's 1.6% gain at the time of writing.
But Northern Star isn't the only ASX gold share that has revealed its earnings today.
We've also heard from two more – Regis Resources Ltd (ASX: RRL) and St Barbara Ltd (ASX: SBM).
Unfortunately for investors in these ASX gold shares, these earnings haven't been quite as enthusiastically received.
What did these ASX gold shares report?
Let's start with Regis.
This gold stock reported $1.26 billion in sales revenue for the 2024 financial year, an 11.3% rise year-on-year.
Underlying earnings before interest, tax, depreciation and amortisation (EBITDA) also rose from $402 million to $421 million, helped by a rise in Regis' all-in-sustaining cost (AISC) per ounce of gold mined from $666 to $690. That was made possible by Regis' realised gold price going from $2,471 to $2,976.
However, normalised EBITDA fell from $369 million to $297 million, driving Regis to a loss after tax of $186 million for the year. As of 30 June, Regis had a cash and bullion balance of $295 million on its books, with a net debt of $5 million.
Investors don't seem to know what to make of these earnings, though. That's judging by the volatile Regis share price so far today. Currently, this ASX gold share is down 0.58% at $1.73 a share after spending time in both positive and negative territory today.
What about St Barbara?
The reaction to the earnings of St Barbara from the markets is more optimistic though. St Barbara shares are currently up a pleasing 2.75% to 26.3 cents apiece after initially plunging this morning.
St Barbara reported revenues of $224 million for the 2024 financial year, down from the $324 million reported last financial year. EBITDA excluding significant items swung to a $28 million loss, down from a positive $114 million in FY2023. Earnings, including significant items, were also negative at a loss of $57 million, down from a positive $7 million last financial year.
This all resulted in St Barbara reporting a statutory loss of $54 million after tax, and an underlying loss of $38 million after tax.
This ASX gold share's AISC per ounce spiked over FY2024 as well, rising from $2,356 in FY2023 to $3,620 in FY2024. That was mitigated by St Barbara's realised gold price over the year, rising from $2,654 to $3,114 though.
So a big day for ASX gold shares this Thursday. Both of these companies are no doubt currently benefitting from the record-high gold price that we've seen this week. It will be interesting to see what their next earnings reports look like if the yellow metal stays at these highs.
