The S&P/ASX 200 Index (ASX: XJO) is down 0.1% today, but that's not holding back this soaring ASX 200 mining stock.
Shares in the Aussie gold miner closed yesterday at $2.59. In late morning trade on Wednesday, they were changing hands for $2.76 apiece, up 6.6%.
That puts the share price up 29% since this time last year. And it sees the company commanding a market cap of $2.1 billion.
Any guesses?
If you said Regis Resources Ltd (ASX: RRL), give yourself a virtual gold star.
Here's what's spurring investor interest today.
Image source: Getty Images
ASX 200 mining stock rockets on record-setting quarter
Investors are piling into the ASX 200 mining stock today after the company reported on some record high achievements over the December quarter (Q2 FY 2025).
For the three months to 31 December, Regis reported a total group gold production of 101,300 ounces.
The Aussie gold miner achieved a record cash and bullion build of $149 million over the quarter. This resulted in Regis holding an all-time high cash and bullion balance of $529 million.
According to the company, "This solid operational performance across the business was in line with expectations and, paired with record unhedged gold spot prices, delivered a fourth consecutive quarter of strong cash generation."
On the gold price front, the ASX 200 mining stock will have kicked off the quarter (1 October) eyeing a spot gold price of US$2,663 per ounce. On 31 December gold was trading for US$2,624 per ounce. That compares to US$2,062 per ounce at the start of 2024.
Regis is forecasting total FY 2025 gold production in the range of 350,000 ounces to 380,000 ounces.
The miner advised that it would provide additional details of its financial performance, including all in-sustaining costs (AISC), when it released its full December quarterly results on 23 January.
For some insight into what investors might expect, Regis reported AISC of AU$2,495 per ounce for the September quarter. The company achieved an average realised price for the gold it sold of AU$3,717.
Commenting on the FY 2025 outlook for the ASX 200 mining stock at the time, Regis Resources managing director Jim Beyer said, "It is very pleasing to see Regis returning to this strong cashflow generating position."
He added:
With our FY 2025 production and cost guidance maintained and a gold price remaining at levels of over AU$4,000 an ounce, we have the clear potential to deliver further significant amounts of cash to our balance sheet, a situation that positions us well and broadens our options for the next stages of our growth.
As today's update confirms, Regis has indeed delivered "further significant amounts of cash" to its balance sheet.
