Regis Resources Ltd (ASX: RRL) shares are racing higher on Wednesday after the gold miner released another strong quarterly cash and bullion update.
In mid-afternoon trade, the Regis share price is up 7.66% to $7.375, after opening at $7.25 and reaching an intraday high of $7.42.
The move lifts the gold stock's 12-month gain to roughly 74%, continuing a strong run that has made it one of the ASX gold sector's standout performers.
Based on the current share price, Regis' market capitalisation now sits around $5.58 billion.
The rally comes after a fresh ASX release showed another major increase in cash and bullion holdings. Gold prices also climbed back toward record levels overnight as safe-haven demand strengthened.
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Another $198 million added to the balance sheet
The main catalyst was Regis' March quarter production and balance sheet update.
The company reported total group gold production of 90.6k ounces for the quarter, taking FY26 year-to-date production to 277.5k ounces.
Duketon contributed 57.5k ounces, and Tropicana delivered 33.1k ounces on an attributable basis, leaving the miner comfortably on track to meet full-year production guidance.
The bigger focus, however, was cash generation.
Regis revealed that cash and bullion increased by $198 million during the quarter, even after making a $92 million FY25 tax payment in February.
That lifted total cash and bullion holdings to $1.128 billion as at 31 March.
Gold strength supports the rally
The market reaction was also helped by another strong move in bullion overnight.
Gold prices climbed back above US$4,790 an ounce, with market data showing the yellow metal rising almost 2% as investors moved back into safe-haven assets. That leaves bullion up more than 55% over the past year.
As an unhedged producer, Regis gets the full benefit of stronger spot prices through margins and free cash flow, which is now feeding into its balance sheet.
The company also said there has been no material impact from broader fuel supply uncertainty across Australia. It is still watching costs and supply chains closely ahead of its full quarterly report later this month.
Foolish Takeaway
Regis is increasingly standing out as one of the ASX gold sector's strongest cash generators.
A $1.128 billion cash and bullion balance, zero direct hedge exposure, and another lift in bullion prices are helping keep the stock in focus.
After a 74% gain over the past year, this latest update shows how strongly Regis is benefiting from higher gold prices and a growing cash balance.
