Regis Resources Limited (RRL) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thanks, Darcy. Good morning, everyone, and thanks for joining us this morning for the Regis Resources September quarter results. Joining me today is our Chief Financial Officer, Anthony Rakicki, and our Chief Operating Officer, Michael Holmes, and our Head of Investor Relations, Jeff Sansom. As usual, we will refer to some figures in the quarterly report released earlier this morning, so please, it might be helpful just to keep it handy as we step through the results. So, firstly, starting with safety, as we always do, through the quarter, on a 12-month moving average basis, our lost-time injury frequency rate actually got down to zero. However, unfortunately, towards the end of the quarter, we saw a single LTI occur, which pushed our LTIFR lost-time injury frequency rate to 0.36, which was in line, basically, with our performance last quarter. Now, while still below the industry average, as always, we should never be satisfied with any injury. And the team, I know, is driving hard as we're diligent and continue to build a strong discipline safety culture for our teams across all our operations. Now, on to production performance. The September quarter marked another period of consistent operational delivery and a resultant strong cash generation performance. Group production totalled 90,400 ounces at an oil and sustaining cost of $2,861 an ounce Aussie. And I note that this also includes a non-cash charge of just under 200 bucks an ounce. And that relates to drawdown on historic stockpile inventories. Now we are comfortable with the performance in our first quarter and we're well positioned to deliver within our FY26 guidance ranges. From a financial perspective, this quarter has seen another period of unprecedented gold price movements. Spot gold during the quarter ...