Regis Resources (RRL) investor relations material

Executive summary

• Q1 FY27 gold production was 83.0koz, in line with expectations despite September rainfall; FY27 production and cost guidance remained unchanged, with output weighted to H2.

• Cash and bullion closed at AUD 1,277M, up AUD 93M; the balance included a AUD 51M Vault break fee, following AUD 53M in tax payments.

Financial highlights

• Gold sales were 74.5koz at an average realised price of AUD 6,088/oz, generating AUD 454M; operating cash flow was AUD 265M.

• Group AISC was AUD 3,617/oz, including AUD 114/oz in non-cash stockpile drawdown charges; Q1 production was 83.0koz versus 101.5koz in the June quarter.

• Q1 growth capital was AUD 80M and sustaining capital AUD 50M; exploration expenditure was AUD 19M, including AUD 8M at McPhillamys.

• FY26 net profit after tax was AUD 715M; cash build was AUD 667M, and fully franked dividends totalled AUD 265M for the year.

Outlook and guidance

• FY27 guidance remains 360–400koz production and AUD 2,990–3,390/oz AISC; growth capital guidance is AUD 250–270M, exploration AUD 80–90M and McPhillamys expenditure AUD 30–35M.

• Production is expected to be H2-weighted as new Duketon open pits ramp up; September rainfall further increased the expected H2 weighting, with deferred production expected to be recovered in subsequent quarters.

• A FY26 tax catch-up of AUD 220–240M is expected in the December quarter; FY27 H1 monthly tax instalments are AUD 15–20M.

• McPhillamys is being advanced toward FID in H1 2028; the alternative integrated waste landform pathway may require a decision by Q2 2028 if redetermination remains unresolved.