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Highlights
- Gold Production Milestone: Regis Resources reported a total group gold production of 101,300 ounces for Q2 FY 2025.
- Record Cash and Bullion Balance: The company achieved a record cash and bullion build of $149 million, raising its total balance to $529 million.
- Strong FY 2025 Outlook: Regis forecasts annual gold production of 350,000–380,000 ounces, with full quarterly results expected on 23 January 2024.
Shares of Regis Resources Ltd (ASX:RRL) rose as much as 6.2% to AU$2.750 on Wednesday, marking their largest intraday gain since October 16, 2024. The surge comes after the Australian gold miner posted record-breaking results for the December quarter (Q2 FY 2025).
Regis achieved a group gold production of 101,300 ounces during the quarter, supported by robust operational performance and favorable unhedged gold prices. The company reported a record cash and bullion build of $149 million, bringing its total cash and bullion balance to an all-time high of $529 million.
Gold prices remained strong throughout the quarter, starting at US$2,663 per ounce on October 1 and closing at US$2,624 per ounce on December 31. This compares to US$2,062 per ounce at the start of 2024.
Regis Resources Managing Director Jim Beyer expressed optimism about the company's financial health, noting its strong cash flow position. The miner forecasts FY 2025 gold production in the range of 350,000 to 380,000 ounces and plans to release additional financial details, including all-in sustaining costs (AISC), on January 23.
For reference, Regis reported an AISC of AU$2,495 per ounce and an average realized gold price of AU$3,717 during the September quarter. Investors are now awaiting further updates on the company’s full-year outlook.
