The Regis Resources Ltd (ASX: RRL) share price is in focus today as the company delivered strong June quarter results, lifting full-year gold production to 379,000 ounces—at the top end of its guidance range—and finishing the year with a record $1.18 billion in cash and bullion.
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What did Regis Resources report?
- Quarterly gold production of 101,500 ounces and full-year output of 379,000 ounces
- All-in sustaining cost (AISC) for FY26 was $2,945/oz, including $140/oz non-cash costs
- Gold sales for the quarter: 102,400 ounces at an average realised price of $6,241/oz
- Operating cash flow for the quarter: $376 million
- Cash and bullion position increased by $667 million to a record $1.18 billion, after paying $151 million in dividends and $156 million in tax
- Ore Reserve at McPhillamys reinstated to 1.89 million ounces following a new Pre-Feasibility Study
What else do investors need to know?
Regis successfully delivered production and cost measures within all key guidance items during FY26. The company finished the year with a debt-free balance sheet and strong free cash flow. Although Regis decided not to match a competing offer for Vault Minerals, it triggered a $50 million break fee now received by the company.
Exploration remains a focus, with new resources identified at Beamish South and ongoing drilling extending mineralisation at existing projects. The company's disciplined approach to growth saw significant investment in both exploration and project development, underpinning its strategy for long-term value creation.
What did Regis Resources management say?
Managing Director and CEO Jim Beyer said:
The June quarter capped off a very strong year for Regis, with both Duketon and Tropicana finishing FY26 well. Group gold production of 101.5koz for the quarter lifted full year production to 379koz — the top end of our guidance range — and, importantly, we again delivered safely and within all of our material guided group cost and capital measures. We see this strong production performance continue into FY27 with further improvement reflected in our higher production guidance.
What's next for Regis Resources?
Looking ahead, Regis expects group production to rise in FY27, with guidance set between 360,000 and 400,000 ounces. Higher output from Duketon will be partly offset by lower production at Tropicana, due to a changing mix of ore sources. Group AISC for FY27 is guided to increase, reflecting higher diesel costs and an increase in unit costs at Tropicana.
McPhillamys is a key pillar of Regis' organic growth strategy, with a final investment decision targeted for the first half of calendar year 2028. Active exploration and project development will remain front and centre as Regis looks to sustain and grow production from its core assets.
Regis Resources share price snapshot
Over the past 12 months, Regis Resources shares have risen 46%, outperforming the S&P/ASX 200 Index (ASX: XJO), which has risen 1% over the same period.
