Regis Resources posts solid March quarter with strong cash flow and dividend

Regis Resources delivered another solid quarter with strong cash flow, record gold production, and a healthy balance sheet.

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The Regis Resources Ltd (ASX: RRL) share price is in focus as the company reported strong cash generation in its March 2026 quarter, underpinned by 90.6 thousand ounces (koz) of gold production and a solid cash and bullion position of $1.13 billion.

Gold bars and Australian dollar notes.

Image source: Getty Images

What did Regis Resources report?

  • Gold production of 90.6koz at an All-In Sustaining Cost (AISC) of $2,807/oz
  • Gold sales for the quarter of 89.1koz, generating $622 million at an average price of $6,977/oz
  • Operating cash flow of $422 million for the quarter
  • Cash and bullion rose by $198 million to $1.13 billion at 31 March 2026
  • Declared and paid a fully franked interim dividend of 15 cents per share, totalling $114 million (paid post quarter-end)
  • Group Mineral Resources climbed 10% to 8.28Moz and Mineral Reserves grew by ~20% to 1.97Moz year on year

What else do investors need to know?

Regis continued to maintain a strong safety record, with its twelve-month rolling lost time injury frequency rate (LTIFR) at 0.32 per million hours, well below the Western Australian gold industry average. No significant environmental incidents were reported.

Growth capital expenditure guidance for FY26 was increased to $240–255 million, mainly due to bringing forward pre-strip activity at Buckwell and higher diesel prices. The company is also progressing development across its underground operations at both Duketon and Tropicana, and work continues to advance the McPhillamys project, which remains subject to an ongoing judicial review.

What did Regis Resources management say?

Managing Director and CEO Jim Beyer said:

The March quarter delivered another period of consistent performance across Duketon and Tropicana, with both operations performing in line with forecasts ensuring the business continues to generate strong cash flow in the current gold price environment… The strength of our operating performance and balance sheet leaves Regis well positioned to continue investing in value accretive growth across the portfolio, while maintaining the financial discipline and flexibility that has always underpinned our approach to capital management. Our cash and bullion balance of $1.13 Billion at the end of the quarter speaks to this strength, enabling the capital management policy that was announced during the quarter. These benefits are clearly illustrated by the declaration of a 15cps interim dividend, for a total of $114M, which was paid after quarter end.

What's next for Regis Resources?

Looking ahead, Regis expects to remain within its full-year production and cost guidance range, although ongoing higher diesel prices may push AISC towards the upper end. Mineral Resource and Ore Reserve growth at both Duketon and Tropicana continues to underpin the company's strategy for operational life extension and value creation.

Regis plans to maintain its capital management focus, with upcoming dividends or potential share buybacks guided by its new capital policy. Development activity will stay focused on underground projects and advancing McPhillamys, pending resolution of the judicial review.

Regis Resources share price snapshot

Over the past 12 months, Regis Resources shares have risen 69%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 11% over the same period.

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Motley Fool contributor Laura Stewart has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

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