Regis Resources 1Q Gold Output Disappoints -- Market Talk
0051 GMT - Gold producer Regis Resources posts a soft start to FY 2027, says Citi. The miner's 1Q production result of 83,000 troy ounces is 12% below Citi's expectations and 9% weaker than consensus, the bank says. "Whilst the in-line cash build despite the production miss suggests better cost control, we await the full quarterly report for more detail," says Citi. Regis plans to publish its full 1Q production result on Oct. 20. Citi notes that Regis has reiterated full-year guidance. "We expect FY27 production to land in the lower half range," the bank says. It has a neutral rating and a target price of 7.90 Australian dollars on Regis. The stock is down 2.0% at A$7.045. (rhiannon.hoyle@wsj.com; @RhiannonHoyle) (END) Dow Jones Newswires October 06, 2026 20:51 ET (00:51 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publicatio
0051 GMT - Gold producer Regis Resources posts a soft start to FY 2027, says Citi. The miner's 1Q production result of 83,000 troy ounces is 12% below Citi's expectations and 9% weaker than consensus, the bank says. "Whilst the in-line cash build despite the production miss suggests better cost control, we await the full quarterly report for more detail," says Citi. Regis plans to publish its full 1Q production result on Oct.
20. Citi notes that Regis has reiterated full-year guidance. "We expect FY27 production to land in the lower half range," the bank says. 90 Australian dollars on Regis.
045. com; @RhiannonHoyle) (END) Dow Jones Newswires October 06, 2026 20:51 ET (00:51 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.