Regis Resources shares drop on soft FY26 guidance
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More news: Regis Resources was one of the worst performers on the ASX 200 after the gold miner swung to a full-year profit but guided for lower production and higher mining costs in FY26.
Regis shares were down 6.5% to $4.18 at 11:40am AEST, having surged 141% over the last 12 months.
Regis Resources back in black as gold price surge fuels $254m full-year profit
The news: Gold miner Regis Resources has swung to a full-year net profit of $254 million, having dropped to a $186 million loss last year, boosted by a surge in gold prices.
The numbers: Gold sales were up 30% year on year to $1.6 billion, with a 47% uptick in the average realised gold price to $4,387 per ounce.
The miner declared a fully franked dividend of 5 cents per share, having scrapped last year's payout.
The context: Regis said its turnaround in profitability was driven by the "persistent strong gold price", as well as the absence of hedging costs and impairments against its McPhillamys project which hindered last year's result.
The group guided for FY26 production of 350,000-380,000 ounces, compared to the 372,844 achieved in FY25. It is targeting an all-in sustaining cost of $2,610-$2,990 per ounce, up from the $2,531 seen last year.
The source: ASX
