What did ASX gold shares Regis Resources, Perseus, and West African report today?

Was it a golden quarter for these miners? Let's find out.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

A number of ASX gold shares are in the spotlight on Thursday after releasing quarterly updates.

Let's see what they reported and how the market is reacting to the releases. Here's what you need to know:

Calculator and gold bars on Australian dollars, symbolising dividends.

Image source: Getty Images

Perseus Mining Ltd (ASX: PRU)

The Perseus Mining share price is edging lower today after the gold miner released its third-quarter update.

The company posted production of 107,144 ounces of gold at an all-in site cost of US$1,748 per ounce. The latter was comfortably lower than its average realised price, which underpinned an average cash margin of US$2,395 per ounce of gold produced. This delivered estimated operating cash flow of US$252 million.

FY 2026 production and all-in site cost guidance remains unchanged at 400,000 ounces to 440,000 ounces with an AISC of US$1,600 per ounce to US$1,760 per ounce.

Regis Resources Ltd (ASX: RRL)

The Regis Resources share price is also down slightly today.

It released its third-quarter update and reported gold production of 90.6k ounces at an all-in sustaining cost (AISC) of $2,807 per ounce.

This comprises Duketon production of 57.5k ounces at an AISC of $3,139 per ounce and Tropicana production of 33.1k ounces at an AISC of $2,140 per ounce.

Gold sales for the quarter were 89.1k ounces for a total of $622 million at an average realised price of $6,977 per ounce.

Looking ahead, while the recent spike in diesel price is impacting the company's costs, it advised that if the current prices stay steady, it will still expect to come within its guidance.

West African Resources Ltd (ASX: WAF)

The West African Resources share price is trading lower today following the release of the gold miner's first-quarter update.

It reported quarterly gold production of 107,728 ounces with an AISC of US$1,921 per ounce. This underpinned cash flow from operating activities of $440 million, which lifted its cash balance to a record high of $847 million.

This means the company is performing in-line with its guidance for the year. West African's executive chair and CEO, Richard Hyde, commented:

With quarterly production of 107,728 ounces gold at an AISC of US$1,921/oz from our two large low-cost gold production centres of Sanbrado and Kiaka in Burkina Faso and based on our planned production profile for 2026, WAF is on-track to achieve annual production guidance of 430,000 – 490,000 ounces of gold at an AISC below US$1,900/oz.

Motley Fool contributor James Mickleboro 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.

More on Gold

gold, gold miner, gold discovery, gold nugget, gold price,
Gold

Up 74% since August, ASX 300 gold stock hits new high-grade zones in Victoria

The ASX gold stock is growing its mining footprint in Victoria.

Read more »

Woman with gold nuggets on her hand.
Gold

This ASX gold stock is expected to double in the next year

After announcing a key acquisition, the team at Bell Potter are tipping more than 120% upside for this ASX gold…

Read more »

Girls at a party are surrounded by gold streamers, a golden ball and are having a fun time.
Gold

If I invested $5,000 into this ASX gold stock 12 months ago, I'd have nearly $9,430 today

The question is, can the ASX gold stock start flying higher again?

Read more »

Businesswoman holds hand out to shake.
Gold

Up more than 140% over a year, this ASX gold stock has just fielded a takeover offer

This company's shares are currently trading at a discount to the offer.

Read more »

A mining executive from Red Dirt Metals chats on her mobile phone looking pleased with a mining site and mining truck in the background
Gold

Up 58% in a year, ASX All Ords gold stock announces major WA milestones

The outperforming ASX gold stock is making moves in Western Australia.

Read more »

Young successful engineer, with blueprints, notepad, and digital tablet, observing the project implementation on construction site and in mine.
Gold

This US-focused, ASX gold developer could surge more than 150%, Morgans says

Recent drilling results have company management excited.

Read more »

A man holds his head in his hands after seeing bad news on his laptop screen.
Gold

Guess which ASX 200 gold stock is crashing 14% on guidance disappointment

It has been a bad day for owners of this gold miner.

Read more »

a man wearing a gold shirt smiles widely as he is engulfed in a shower of gold confetti falling from the sky. representing a new gold discovery by ASX mining share OzAurum Resources
Gold

Forget Newmont, this ASX gold stock could rise 50%

Bell Potter thinks big returns could be on offer with this gold explorer's shares.

Read more »