Shares in Jim Beyer-led Regis Resources fell on Friday, following the release of its FY27 annual production guidance.
Regis shares closed trade on Friday down 8 per cent to $5.64, its lowest price since September 15 last year.
Earlier this month, the African-focused goldminer told investors it had produced 379,000 ounces of gold during FY26, ensuring it met the upper end of its FY26 annual production guidance target range of 350,000-380,000oz.
Within the annual amount, 101,500oz were generated during the June 2026 quarter.
In an ASX statement on Friday, the goldminer confirmed its FY27 annual production range would be set between 360,000-400,000oz, with an all-in sustainable cost of $2990-$3390 per ounce.
“Duketon gold production for FY27 (240,000-270,000oz) is expected to be higher than FY26 and slightly skewed towards the second half of the year,” Regis said.
“The increase is a result of higher production from Garden Well and Rosemont.
AISC guidance reflects increased diesel price assumptions along with the previously noted inclusion of the opportunistic higher cost ounces from BuckWell.
“At Tropicana, production guidance is down slightly year on year. Lower open pit ore production at Havana results in a higher proportion of lower grade stockpile mill feed, compared to FY26.
“AISC impacts of this lower production are reflected in the guidance for this year.”
Regis’ growth capital, predominantly due to development of the stage three Rosemount underground project at its Duketon operation, has been set between $250-270 million in FY27.
In FY26, the company’s growth capital target range was set between $180 million and $195 million.
Following the release of the market update, the company’s shares appeared to fall on the back of analytical commentary stating that the production target was below consensus expectation, along with the AISC being above market expectations.
Earlier this week, Regis bowed out in its bid to acquire Vault Minerals, on the back of not electing to match Raleigh Finlayson-led Genesis Minerals’ $5.6 billion bid for the company.
