Regis Resources (RRL) Q4 2026 earnings summary

Executive summary

• Achieved annual gold production of 379,000 oz at the top end of guidance, with strong safety performance and operational consistency at both Duketon and Tropicana.

• Quarterly gold production was 101,500 oz at an AISC of $3,244/oz; FY26 AISC was $2,945/oz, including $140/oz non-cash costs.

• Cash and bullion at June 30, 2026, reached $1.18B, up $667M over FY26 after $151M in dividends and $156M in tax payments.

• Remained unhedged, investing in growth and exploration, and maintained a disciplined approach to capital allocation and shareholder returns.

• Received a break fee of just over $50M after Vault Minerals terminated the merger agreement.

Financial highlights

• June quarter gold sales exceeded 102,000 oz at an average realized price of $6,241/oz, generating $639M in revenue.

• FY26 revenue totaled $2,349.1M, with total cash costs of $860.6M and AISC of $2,945/oz.

• Operating cash flow for the quarter was $376M; cash and bullion balance at quarter-end was $1.18B.

• Growth capital expenditure for FY26 was $248M, with $74M spent on exploration.

• All-in sustaining cost (AISC) for the quarter was $3,244/oz, impacted by a non-cash charge of $181/oz and higher diesel prices.

Outlook and guidance

• FY27 production guidance is 360,000–400,000 oz, with Duketon forecast higher year-on-year and Tropicana lower due to reduced open pit output.

• FY27 group AISC guidance is $2,990–$3,390/oz, reflecting higher diesel prices and increased unit costs at Tropicana.

• Growth capital for FY27 is guided at $250–$270M, focused on Rosemont Stage 3, Garden Well paste fill, and BuckWell pre-stripping.

• McPhillamys project targeting final investment decision in H1 2028, pending permitting outcomes.

• Monthly tax payments of ~$20M are expected to continue through CY26, with a final catch-up payment in December.