Regis Resources reports record FY25 results, strong outlook

Regis Resources announced strong financial results for FY25, with record gold sales of $1,071m from 375koz of gold sold at an average price of $2,852/oz. Gold production reached 373koz at an all-in sustaining cost (AISC) of $1,645/oz. The company recorded a net profit after tax of $165m and EBITDA of $507m, yielding a 47% margin. Operating cash flows were $534m, and Regis is debt-free with $336m in cash and bullion, having built $430m since December 2023.

The company declared a fully franked dividend of US 3 cents per share, totaling $25m. For FY26, Regis provides guidance of 350koz - 380koz gold production at an AISC of $1,697 - $1,944/oz for the group. This includes $111/oz of non-cash stockpile draw.

Key growth strategies include ramping up the third underground mine at Garden Well Main and expanding to at least four underground mines, aiming for 200-250koz from Duketon. Tropicana is projected to contribute 125-145koz, with ramp-up of the Havana open pit and progress on the Havana Underground. The McPhillamys project, with a 2.7Moz resource, faces a project re-set following a Section 10 Declaration.