Goldminer Regis Resources has banked nearly $500 million from the sale of about 97,000 ounces of gold to close the financial year strong.
Goldminer Regis Resources has banked nearly $500 million from the sale of about 97,000 ounces of gold to close the financial year near ahead of its expectations.
The company on Monday told the ASX it had dug up 373,000 ounces of gold for the year at a cost of $2,531/oz.
Regis’ average sale price was more than double that at $5,148/oz.
Gold’s stellar run this year has been particularly lucrative for unhedged miners such as Regis.
The miner at the end of financial year held a $517m cash and bullion reserve, up $222m from last financial year and more than $650m since 2023.
Regis also announced on Monday the $9m purchase of the Southern Star gold prospect just south of the miner’s Ben Hur open pit from explorer Great Southern Mining.
Regis chief executive Jim Beyer said the miner had exceeded plans for 2025-26.
“This solid operational performance, combined with the supportive gold price environment, has strengthened our financial position over the year,” he said.
“With our FY26 guidance we expect this performance trend to continue.
“Overall, Regis continues to build on its very strong position by reinvesting into both low-risk growth and opportunistic production, all the while growing balance sheet strength and long-term optionality.”
The company expects to produce between 350,000 and 380,000 ounces of gold this financial year at a cost of between $2,610 to $2,990 per ounce.
About $190m is forecast to be spent expanding existing operations and up to $60m has been budgeted for exploration.
Regis noted ‘uncertainty in legal outcomes’ in its $10m to $20m spending forecast for the delayed McPhillamys gold project in NSW.
Regis’ share price was down nearly 4 per cent to $4.30 at noon eastern standard time.
