Regis Resources (ASX: RRL) Hits Record $930m Cash After Strong Quarter: Is Now the Time to Buy?

Regis Resources Hits Record Cash of A$930 Million

Regis Resources (ASX: RRL) just delivered another impressive quarter, and the numbers tell a compelling story. The mid-tier gold producer generated a staggering A$255 million in cash during the December quarter alone, pushing its war chest to a record A$930 million. For a company that was paying down debt just twelve months ago, this transformation is remarkable.

But here’s where it gets interesting. Despite these strong results, the company recently confirmed a cyber attack on its systems, and with shares already up roughly 195 per cent over the past year, investors face a genuine question: Is there still upside left, or has the easy money already been made?

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Strong Production Keeps the Cash Flowing

Regis Resources produced 96,600 ounces of gold in the December quarter, bringing its first-half total to 186,900 ounces. More importantly, the company is on track to meet its FY26 target of 350,000 to 380,000 ounces. This kind of consistency matters because it shows management knows how to run these mines efficiently.

What stands out is how effectively Regis is converting production into cash. Record gold prices certainly help, but the operational discipline is equally important. The Duketon mines in Western Australia continue to perform reliably, while the company’s 30 per cent stake in the Tropicana project adds valuable diversification. For investors, the takeaway is simple: this is a gold producer that executes well and turns ounces into dollars consistently.

A Balance Sheet Built for Opportunity

The balance sheet transformation at Regis has been nothing short of impressive. After repaying A$300 million in debt earlier in the year, the company now sits completely debt-free with A$930 million in cash and bullion. There’s also an undrawn A$300 million credit facility available if needed.

This financial strength creates real optionality. Management distributed A$38 million in dividends this quarter and maintains the capacity for further growth. They can buy back shares, pursue acquisitions, or simply wait for the right opportunity. In an industry where many competitors carry significant debt, Regis stands apart.

The concern, however, is valuation. After a 195 per cent run over twelve months, the stock isn’t cheap anymore. Much of the good news appears baked into the current price, which limits near-term upside unless gold prices continue climbing.

Cyber Attack Adds Unwelcome Uncertainty

There’s a new risk factor investors need to consider. Regis Resources recently confirmed a cyber attack in which hackers breached its systems in late 2025 (with additional leaks reported in early January 2026), with the Lynx ransomware group claiming responsibility. Details remain limited as the investigation continues, but cyber incidents can create headaches ranging from operational disruption to reputational damage.

So far, there’s no indication of a significant operational impact. But until the company provides more clarity, this uncertainty will hang over the stock. Conservative investors may prefer to wait until management addresses this issue more fully.

The Investor’s Takeaway

Regis Resources has built one of the strongest balance sheets in the Australian gold sector. Record cash, zero debt, and consistent production create a foundation that most competitors would envy.

The challenge is timing. After such a strong run, the stock looks fairly valued at best. The McPhillamys project in New South Wales remains in legal limbo following the Federal Court hearing in December 2025, removing what could have been the next major growth driver. Add the cyber incident uncertainty, and there are legitimate reasons to be patient.

For investors already holding shares, the thesis remains intact. For those looking to buy, waiting for a pullback might offer a better entry point. Quality companies like Regis Resources rarely stay cheap for long, but paying a premium for shares that have already tripled requires conviction that gold prices will keep rising.