Regis Resources shares lower as FY26 cost guidance misses estimates
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More news: Regis Resources was one of the worst performing ASX 200 stocks in early trading, after guiding flat production and higher mining costs for fiscal 2026.
Regis shares were down 4.4% to $4.28 at 10:45am AEST, having climbed 123% over the last 12 months.
RBC Capital Markets analyst Alex Barkley said FY26 gold guidance of between 350,000 and 380,000 ounces is roughly flat year over year, but meets consensus expectations.
However, he noted that FY26 cost guidance is 4% higher than market estimates, making the overall forecasts "slightly net negative" versus consensus.
Regis Resources hits top end of FY25 guidance, buys Great Southern prospect
The news: Gold miner Regis Resources has reported full-year production at the top end of its guidance range, and announced the purchase of the Southern Star prospect from Great Southern Mining for $9 million.
The numbers: Regis produced 373,000 ounces of gold in the 2025 financial year, having guided between 350,000 and 380,000 ounces.
The miner's all-in sustaining costs (AISC) of $2,531 per ounce came at the lower end of its guidance range of $2,440 to $2,740 per ounce.
Regis has guided FY26 gold production of between 350,000 and 380,000 ounces, with AISC of between $2,610 to $2,990 per ounce.
The company also announced today the $9 million acquisition of ASX small cap Great Southern's Southern Star prospect in Western Australia.
The context: The acquisition is part of a new "strategic data sharing alliance" between Regis and Southern Star, aimed at fast-tracking new discoveries across the Duketon Greenstone Belt.
Regis managing director Matthew Keane said the deal delivers a "strong capital boost to fund aggressive exploration" across Southern Star's Duketone tenure, most of which remains underexplored.
