The Regis Resources Ltd (ASX: RRL) share price is in focus after the company lifted its FY27 production guidance, aiming for 360,000–400,000 ounces of gold at a group all-in sustaining cost of $2,990–$3,390 per ounce.
Image source: Getty Images
What did Regis Resources report?
- FY27 group gold production guidance: 360,000–400,000 ounces
- Group all-in sustaining cost (AISC): $2,990–$3,390 per ounce, including ~$88/oz of non-cash stockpile movements
- Growth capital expenditure forecast: $250–$270 million
- Exploration spend guidance: $80–$90 million
- McPhillamys Project spending: $30–$35 million planned
- Correction to 30 June 2026 cash and bullion: revised to $1.184 billion after timing adjustment
What else do investors need to know?
Production at the Duketon operation is expected to be higher in FY27, with a bias towards the second half, driven by increased output from Garden Well and Rosemont. Duketon is also leveraging the higher gold price by processing additional lower margin ounces at Moolart Well without impacting higher margin production elsewhere.
At Tropicana, the company expects a slight dip in production year on year, reflecting more processing of lower grade stockpile ore as Havana's open pit output reduces. Group AISC is impacted by higher diesel costs and the inclusion of higher cost, but still profitable, ounces from BuckWell.
A correction to previously disclosed cash and bullion holdings at 30 June 2026 reduces the balance by $26 million, but does not affect FY26 reported gold production or closing cash.
What's next for Regis Resources?
Regis plans to continue ramping up production at Duketon and advance the Rosemont Stage 3 underground project, targeting commercial production in late FY27. Growth capital will be front-loaded into the first half of the financial year as new open pit projects come online.
Increased exploration and sustained investment in the McPhillamys Project are intended to underpin future growth. The company remains focused on managing costs amid volatile diesel prices, with each 10 cents per litre variation affecting AISC by about $25 an ounce.
Regis Resources share price snapshot
Over the past 12 months, Regis Resources shares have risen 39%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 2% over the same period.
