Regis Resources reported a strong cash and bullion increase of $198 million in the March 2026 quarter, lifting its balance to $1.128 billion despite gold production trailing FY26 guidance. The company continues to monitor fuel supply risks amid national uncertainties.
- March quarter gold production of 90.6koz, FY26 YTD at 277.5koz
- Cash and bullion balance rises to $1.128 billion after $198 million build
- Production below FY26 guidance at both Duketon and Tropicana mines
- No fuel supply interruptions reported despite national concerns
- Full quarterly results and cost details due 23 April 2026
Quarterly Production and Financial Highlights
Regis Resources Limited (ASX:RRL) released a preliminary business update for the March 2026 quarter, reporting total group gold production of 90,600 ounces. This brought the fiscal year-to-date (FY26) production to 277,500 ounces, which remains below the company’s full-year guidance range of 350,000 to 380,000 ounces. The Duketon mine produced 57,500 ounces in the quarter, with a YTD total of 173,500 ounces against guidance of 220,000 to 240,000 ounces. Tropicana contributed 33,100 ounces for the quarter and 104,000 ounces YTD, also below its 130,000 to 140,000 ounces target.
Despite the production shortfall relative to guidance, Regis achieved a significant cash and bullion build of $198 million during the quarter, following a $92 million tax payment in February for FY25. This increase lifted the company’s cash and bullion balance to a robust $1.128 billion as of 31 March 2026, with bullion on hand valued at approximately A$6,732 per ounce.
Fuel Supply Monitoring Amid National Uncertainty
Regis also addressed the ongoing uncertainty surrounding Australia’s fuel supply stability. The company reported no interruptions to fuel supplies to date and is actively monitoring consumption, stock levels, and supply chain arrangements. Fuel is sourced directly from major importers under committed contracts. While no material impact on production has been observed, Regis indicated it will communicate any changes to All-In Sustaining Costs (AISC) or growth capital guidance in line with its continuous disclosure obligations.
Looking Ahead to Detailed Results
Further detailed commentary on operational and financial performance, including AISC figures, will be provided with the full March quarterly results scheduled for release on 23 April 2026. Regis will host a conference call at 11:00am AEST on the same day to discuss these results. This update follows a period of strong cash flow generation and operational discipline, as seen in previous quarters, including the record cash flow and mine life extension at Duketon reported earlier this year.
Regis’ ability to maintain a strong cash position despite production challenges reflects ongoing financial management efforts. The company’s operational resilience is underscored by its recent report on underground Ore Reserve growth at Tropicana, which has supported confidence in the asset’s long-term potential despite near-term production variances.
Bottom Line?
Regis Resources’ strong cash and bullion position provides financial flexibility, but upcoming detailed results will be critical to understanding the impact of production shortfalls and fuel supply risks on costs and capital plans.
Questions in the middle?
- How will Regis adjust its FY26 production and cost guidance in response to the current shortfall?
- What specific measures is Regis implementing to mitigate potential fuel supply disruptions?
- To what extent will the underground Ore Reserve growth at Tropicana offset production challenges in the near term?