Regis Resources (ASX: RRL) was in a good position and took Diggers and Dealers 2026 by the scruff of the neck on 05 Aug 2026 to lay out its future game plan.
The presentation places Regis Resources firmly at the centre of the Australia gold sector conversation this year. Between rising resources, a reinstated Project, and steady production guidance, there was plenty to unpack.
Figure 1: Mine officials survey open pit operations at a Western Australian gold site [Courtesy: Regis Resources]
What Happened at Diggers and Dealers 2026
FY26 numbers came first. Production hit 379koz, sitting right at the top of what the Company had guided, and FY27 targets followed straight after.
McPhillamys got a mention too. The Ore Reserve there was bumped back to 1.9Moz following a Preliminary Feasibility Study in June 2026.
FY26 Highlights at a Glance
- Production of 379koz, top end of the 350 to 380koz guidance range
- Cash and bullion reached approximately A$1.2 billion
- Fully franked dividends of approximately A$152 million paid during the year
- Mineral Resources up 10 percent year on year to 8.3Moz
- Mineral Reserves up 20 percent year on year to 2.0Moz
- Total Group Mineral Reserves reached 3.9Moz
Why the Regis Resources Growth Strategy Matters to Investors
Turning cash into dividends while still funding exploration is not an easy balance to strike. Regis Resources appears to be managing it, with cash and bullion up roughly A$1.2 billion since June 2024.
That build came after resuming tax payments and paying out dividends. Dividend payments alone totalled around A$152 million in the past 12 months, according to the Company’s ASX announcement.
Figure 2: Cash and bullion growth from June 2024 to June 2026 [Courtesy: Regis Resources]
Regis Resources Growth Strategy: FY27 Guidance and New Projects
Regis Resources has set Group production guidance of 360koz to 400koz for FY27. Duketon and Tropicana remain the two production engines behind that figure.
FY27 Guidance Breakdown
| Metric | Group | Duketon | Tropicana |
|---|---|---|---|
| Production (koz) | 360 – 400 | 240 – 270 | 120 – 130 |
| AISC (A$/oz) | 2,990 – 3,390 | 3,100 – 3,550 | 2,630 – 2,950 |
| Growth Capital (A$M) | 250 – 270 | 235 – 245 | 15 – 25 |
| Exploration (A$M) | 80 – 90 | – | – |
| McPhillamys (A$M) | 30 – 35 | – | – |
BuckWell Open Pit Adds Near Term Value
Regis Resources is developing the BuckWell Open Pit within the Moolart Well footprint at Duketon North. The Project sits next to an idled 2.5 million tonne per annum mill.
The Ore Reserve stands at 8.8Mt at 0.89g/t gold for 251koz. Regis expects the pit to deliver 223koz across 5.7 years, at an average cost of A$3,524 per ounce.
Figure 3: Aerial view of the BuckWell Open Pit area at Duketon North [Courtesy: Regis Resources]
Exploration and Discovery Across Duketon and Tropicana
Regis Resources continues to chase underground growth at both Western Australian operations. Underground Ore Reserves at Duketon have climbed roughly 850 percent since 2019.
Beamish South and Ben Hur
Beamish South now carries a declared Resource of 270koz, with drilling still under way. It sits within the wider Duketon South Project rather than as a standalone deposit.
Ben Hur has returned an initial underground Resource of 3Mt at 2.4g/t for 240koz contained gold. An earlier Exploration Target points to a further 300koz to 550koz of potential.
Tropicana Regional Exploration
Tropicana underground Ore Reserves have grown 169 percent since 2018, even after accounting for depletion. Regional exploration continues within 20km of the mill.
Encouraging drill results have come from the Northern Corridor, Rosetta, and Hat Trick prospects. Regis Resources Australia says future exploration will be guided by these results.
Garden Well and Rosemont Point to Further Underground Growth
Exploration at Garden Well has confirmed mineralisation extends 500m down plunge of current resources. This sits alongside the Company’s plan to grow Duketon to at least four underground mines.
At Rosemont, Stage 3 drill intersections confirm the host unit extends roughly 300m south of current mine designs. Regis Resources Australia says this ongoing underground reserve replacement is central to sustaining production beyond FY27.
McPhillamys Reinstated With a 1.9Moz Reserve
A refreshed Preliminary Feasibility Study has reinstated the Ore Reserve at McPhillamys to 1.9Moz at 1.1g/t. The study points to an after tax NPV of A$2.1 billion at a gold price of A$4,000 per ounce.
Regis Resources expects average annual production of 190koz over roughly ten years. A judicial review of the Section 10 Declaration remains before the Federal Court, and Regis says it has a plan for either outcome.
Figure 4: McPhillamys Gold Infrastructure Project layout in New South Wales [Courtesy: Regis Resources]
About Regis Resources
Regis Resources, based in Australia operates gold products with a total of three key projects. Located in Western Australia are Duketon and Tropicana, both of which, together with McPhillamys in New South Wales.
The Company reports in Australian dollars and holds no hedging on its gold production. Regis Resources Australia has built its reputation as an unhedged, dividend paying producer with long life assets.
Regis Resources Share Price (ASX: RRL)
- Last traded price: A$6.565 per share
- Market capitalisation: A$4.72 billion
- 52-week range: A$4.060 to A$10.000 per share
- Fully franked dividends paid in FY26: approximately A$152 million
- Cumulative dividends paid since 2013: approximately A$700 million
Figure 5: Regis Resources (ASX: RRL) share price movement over the past 12 months [Courtesy: ASX]
Industry Outlook for the Australia Gold Sector
Gold miners across the Australia Mining Sector have leaned on rising bullion prices to rebuild balance sheets through 2026. Cash generation across the sector has supported a wave of reinstated and higher dividend payments.
Producers with long life, unhedged assets like Regis Resources Australia are positioned to benefit if gold prices hold firm. Ongoing underground development is also lifting reserve life across several ASX Gold names.
Future Direction and Impact on Regis Resources’ Growth Pipeline
Impact on production: the ramp up of a fourth underground mine at Duketon could lift baseload output further. Regis Resources is also progressing Havana Underground at Tropicana as a new production zone.
According to the ASX announcement covering FY27 guidance, growth capital of up to A$270 million is earmarked for the year ahead. Impact on shareholder returns will depend on how the Company balances that spending against future dividend payments.
The McPhillamys outcome before the Federal Court will shape the next chapter of the Regis Resources growth strategy. Win that case, and Regis Resources suddenly has a second production hub taking shape in New South Wales.
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FAQ
Q1. What did Regis Resources announce at Diggers and Dealers 2026?
Ans. The Company confirmed FY26 production of 379koz and set FY27 guidance of 360koz to 400koz.
Q2. How much cash has Regis Resources built up?
Ans. Cash and bullion reached approximately A$1.2 billion, built over 24 months to June 2026.
Q3. What is happening with the McPhillamys Project?
Ans. A refreshed study reinstated a 1.9Moz Ore Reserve, though a Federal Court review is ongoing.
Q4. Where does Regis Resources produce gold?
Ans. Production comes from Duketon and Tropicana in Western Australia, with McPhillamys in New South Wales.
Disclaimer
This article is meant only for informational purposes. All data published in this content is sourced from Regis Resources Limited’s official Diggers and Dealers 2026 presentation and related ASX announcements. Kindly verify all information related to share price and market data before making any decisions. Any investment should be made at the investor’s own risk. Colitco does not hold any position in the above mentioned Company.
Source
- https://www.regisresources.com.au
- https://www.asx.com.au/markets/company/RRL
- https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-03117928-6A1337321&v=undefined
Elizabeth Jones is a finance and mining content specialist with over 10 years of experience creating clear, SEO-driven content across fintech, investing, banking, insurance, cryptocurrency, and resource markets. She transforms complex financial data and industry trends into engaging, reader-focused articles that improve understanding and audience engagement.
