Results - ASX:RRL
Regis FY26 profit A$715M and cash and bullion A$1.184B; FY27 guidance reaffirmed
Regis reported record FY26 statutory profit of A$715M on A$2.349B of gold sales, from 379,050 oz produced at an AISC of A$2,945/oz. Cash and bullion reached A$1.184B at 30 June 2026, and full-year dividends total 35 cents fully franked. The result reflects FY26 gold prices averaging A$6,283/oz, and the gold price has fallen since the release.
(price sensitive) - Regis Resources announced: "Full Year Results Presentation" (14 pages) - read the original
What investors must know
- FY26 statutory net profit was A$715M, up A$461M on FY25, on sales revenue of A$2,349M (up 43%).
- Gold production was 379,050 oz at an AISC of A$2,945/oz (FY25: A$2,531/oz), against an achieved price of A$6,283/oz.
- Cash and bullion was A$1,184M at 30 June 2026, up from A$517M. This figure includes 7,631 oz of gold bullion valued at A$5,861/oz, and no debt is drawn.
- Full-year dividends are 35 cents fully franked (A$265M), a 39% payout of the group cash increase. The 20 cent final (A$151M) includes a 5 cent special returning the Vault break fee.
- FY27 guidance was reaffirmed: group production 360-400koz, AISC A$2,990-3,390/oz, growth capital A$250-270M, exploration A$80-90M and McPhillamys A$30-35M.
- No new drilling, resource or reserve estimate is reported. The reserve and resource tables are restated from releases dated 22 April 2026 and 19 June 2026.
Money: can they follow it up?
- Period ending
- 2026-06-30
- Cash
- $1.2bn
- Debt
- $0
- Operating cash flow (quarter)
- $1.2bn
- Exploration spend (quarter)
- $74.0m
- Gold produced
- 379,050 oz
- AISC
- A$2,945/oz (margin about A$3,471/oz at the day's gold price)
- Revenue
- $2.3bn
- Guidance
- FY27 guidance reaffirmed (first set 17 July 2026): group production 360-400koz; Duketon 240-270koz; Tropicana (30%) 120-130koz. Group AISC A$2,990-3,390/oz, including about A$88/oz of non-cash stockpile charges (Duketon A$3,100-3,550/oz; Tropicana A$2,630-2,950/oz). FY26 actual AISC of A$2,945/oz sits below the bottom of the FY27 range. Whether FY26 met its own guidance is not stated here.
Full-year FY26 to 30 June 2026, not a quarter. No Appendix 5B is included, so burn, funding quarters, undrawn facilities and shares on issue are not stated. cash_aud_m is 'cash and bullion' of A$1,184M, which includes 7,631 oz of gold bullion at A$5,861/oz spot; the cash-only figure is not given here. Operating cash flow is the statutory FY26 figure of A$1,247M, which differs from the A$1,508M operations bar in the waterfall. gold_oz is production (373,879 oz was sold). Exploration of A$74M excludes A$4.5M for the Southern Star acquisition. No debt is drawn. DrillScore's database holds June 2026 quarter entries with cash of A$1,139.12M and undrawn facilities of A$300M; these are not in this presentation and are not used. Operations generated enough cash to fund capex and dividends in FY26, but FY27 growth capital, exploration and McPhillamys spend are all guided.
Appendix 5B explained - why runway predicts raisings - every company's runway
Resource / reserve
- Tonnes
- 209.0 Mt
- Grade
- 1.20 g/t
- Contained metal
- 8,280.00 koz
- What changed
- Reproduced, not updated. Group Mineral Resources as at 31 December 2025 (Measured 20Mt, Indicated 149Mt, Inferred 40Mt; total 209Mt at 1.2 g/t for 8,280koz), from the ASX release of 22 April 2026. Mineral Resources include Ore Reserves. Ore Reserves are 49Mt at 1.2 g/t for 1,965koz at 31 December 2025, plus McPhillamys 56Mt at 1.1 g/t for 1,890koz at 31 May 2026 (19 June 2026 PFS release). No change to estimates is reported here.
How the price reacted
News signal positive, and on day 1 the stock moved +1.9% against the gold index (XGD). After 20 trading days: -0.1% against the XGD.
From the last close before the market could trade on it ($8.23 on 20 Aug 2026), with day-1 volume 2.3x the 20-day average.
RRL's past price-sensitive news
After 9 earlier announcements, RRL rose on day 1 4 times and fell 5 times - an average move of -0.9%; after financial results alone, +3.3%.
No earlier price-sensitive announcements have a recorded share price reaction, so there is no stock-specific pattern to compare. Since release, Regis has moved from A$8.23 to A$6.65. That is a larger fall than the ASX gold index (XGD, down 8.1%) and similar to the US gold miner fund GDX (down 18.2%). The shares sit in the lower third of their A$5.335-10.00 52-week range. This describes the move and does not predict the next price.
Past reactions describe what happened, not what will. How prices react to results
The historical pattern
What share prices did after past results like this one, from DrillScore's own records. It describes the past: it isn't a forecast for RRL and it isn't advice.
After 41 other announcements read as 'positive', stocks moved +1.8% by day 1, +2.4% by day 5 and +1.0% by day 20 against the XGD on average.
- Day 1
- +1.8%
- Day 5
- +2.4%
- Day 20
- +1.0%
After its earlier announcements, RRL moved -0.4% by day 1, -0.3% by day 5 and +1.2% by day 20 against the XGD on average.
- Day 1
- -0.4%
- Day 5
- -0.3%
- Day 20
- +1.2%
In the 20 trading days before this release the XGD gold index moved +17.3% (rising). After 38 past gold announcements released into a rising gold index, stocks moved +1.8% by day 1, +2.5% by day 5 and -4.3% by day 20 on average - before taking the market's own move out.
- Day 1
- +1.8%
- Day 5
- +2.5%
- Day 20
- -4.3%
A strand leans up or down when its day-5 average is 1% or more either way. Each is shown on its own and never added up into a prediction: small samples swing, and every result is different. The full backtest - how it's worked out
The market it landed in
| Market | On the day | Now | Since |
|---|---|---|---|
| Gold (US$/oz) | US$4,571 | US$3,886 | -15.0% |
| Gold (A$/oz) | A$6,416 | A$5,737 | -10.6% |
| Copper (US$/lb) | US$6.46 | US$6.09 | -5.7% |
| AUD/USD | 0.7125 | 0.6774 | -4.9% |
At release, spot gold was A$6,416/oz (US$4,571/oz). On the data supplied it is A$5,737/oz (US$3,886/oz). That is below the A$6,283/oz achieved in FY26 and below the A$5,861/oz used to value 30 June bullion. Spot remains above the top of the FY27 group AISC range (A$2,990-3,390/oz), but by less than the FY26 achieved price did. The McPhillamys price deck is not stated here, so its assumptions cannot be checked against spot. Sector mood has turned down since release: GDX fell 18.2%, GDXJ 23.3%, XGD 8.1% and COPX 23.0%. The US dollar index rose 4.6% and the US 10-year yield rose from 4.696% to 5.154%, both usually a headwind for gold. The Australian dollar fell from US$0.7125 to US$0.6774, which cushions A$ gold prices (down 10.6% in A$ against 15.0% in US$).
Against RRL's own history
This presentation restates FY26 figures already released on 21 August 2026 (two earlier DrillScore reads scored 66 and 52). Cash and bullion rose from A$517M to A$1.184B over FY26, and the A$1,184M balance matches the June quarter figure reported on 24 July 2026. FY27 guidance was first set on 17 July 2026 and is reaffirmed here. Earlier drill intercepts in DrillScore's history are not restated in this presentation. The database lists several intercepts under 21 August 2026 that match 24 July 2026 entries, and it holds conflicting June quarter entries (for example cash of A$1,184M and A$1,139.12M, and gold of 379,050 oz and 101,541 oz). This analysis uses the presentation's own figures.
Risks & caveats
- Gold has fallen since release: spot is down 15.0% in US$ and 10.6% in A$. FY26 earnings and cash were built on an achieved price of A$6,283/oz.
- The bottom of the FY27 group AISC range (A$2,990/oz) is above the FY26 actual of A$2,945/oz. The group FY27 AISC also includes about A$88/oz of non-cash stockpile charges.
- The headline cash figure includes bullion at market value. The cash-only balance is not given in this presentation.
- FY27 growth capital of A$250-270M, exploration of A$80-90M and McPhillamys spend of A$30-35M will draw on the cash balance, with growth capital skewed to the first half.
- Tax payments resumed in April 2026, and FY26 tax expense was A$302M. Cash flow will be lower if the gold price stays weaker.
What's next
- Duketon gold production is skewed towards the second half of FY27 - FY27 second half
- Growth capital spend is skewed towards the first half of FY27 - FY27 first half
- Payment of the 20 cent final dividend (A$151M) - not stated
- McPhillamys development path following the reinstated Ore Reserve (PFS released 19 June 2026) - not stated
Questions worth asking
- What is the cash balance excluding the 7,631 oz of bullion, and how much will remain after the A$151M final dividend is paid?
- What undrawn facilities were available at 30 June 2026, and what is the full Appendix 5B funding position for the June quarter?
- What gold price and AUD rate underpin the FY27 AISC range, and how sensitive is it to spot at current prices?
- How much of the group FY27 AISC is the A$88/oz non-cash stockpile charge, and what is the cash-only AISC?
- What is the timing and funding plan for McPhillamys, given the A$30-35M FY27 spend and the reinstated Ore Reserve?
What it means
For someone following Regis, the result confirms strong cash generation at FY26 gold prices, a larger dividend and a reaffirmed FY27 plan. The weaker points are that FY27 cost guidance sits above FY26 actual AISC, and that the gold price has fallen since release. Future cash build will depend heavily on the gold price, and FY27 capital spend is large. This is general information only and not a recommendation. Anyone deciding what to do with the shares should weigh these points and their own circumstances.
General information only - not financial advice. DrillScore's analyses are produced automatically by an AI model (Claude, by Anthropic) from the company's own ASX announcement and public market data, and scored by a fixed formula (how it works). They can be wrong or incomplete, don't consider your objectives or circumstances, and are not a recommendation to buy, sell or hold anything. Always read the original announcement and consider advice from a licensed adviser.
Decoded 15 Nov 2026, 8:17 am by claude-haiku-5-5 - confidence: high. Spotted a mistake? Tell us.
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