The soaring price of gold has propelled West Australian miner Regis Resources to the brink of an extraordinary financial milestone, with its war chest of cash and bullion now approaching a staggering $1 billion.
Record Cash Build on Golden Tailwinds
In a prelude to what is expected to be a strong quarterly reporting season for the sector, Regis revealed it was sitting on a massive $930 million in cash and gold as of December 31. This remarkable position follows gold closing out 2026 with its most significant annual price surge in 47 years, according to data from Bloomberg.
The company, led by managing director and chief executive Jim Beyer, reported a quarter-on-quarter cash build of $255 million on an audited basis. This impressive growth came even after Regis distributed a 5¢ per share dividend to shareholders in October, a payout worth approximately $38 million.
Production Targets and Peer Performance
The rally in the precious metal, which reached $6437 per ounce, significantly bolstered the value of Regis's on-hand gold bullion, which stood at 9505 ounces. The miner's operations at its Duketon and Tropicana mines in WA yielded an estimated 96.6 thousand ounces (koz) for the quarter.
This brings the group's total production for the first half of the financial year to 186.9koz. Regis remains on track to meet its full-year guidance, which is set between 350koz and 380koz.
Fellow mid-tier WA gold producer Capricorn Metals also shared positive news with the market. The Mark Clark-chaired company advised it is likely to hit the upper end of its annual production forecast of 115koz to 125koz, after producing 30.5koz in the December quarter.
Expansion and Market Reaction
Capricorn similarly benefited from the high gold price environment, reporting a year-end cash and gold balance of $444.2 million, up from $394.4 million in September. The growing miner invested $39 million during the period on expansions, including work at its Pilbara flagship, the Karlawinda operation, and the developing Mt Gibson Gold project in the Murchison region.
Investors welcomed the updates, sending shares in Regis up 2 per cent to $7.65 in early trade. Capricorn's shares also rose, gaining 2.26 per cent to $14.90. The robust financial positions underscore how Western Australia's gold sector is capitalising on a historic rally, setting the stage for potential further investment, shareholder returns, and growth projects in 2026.
