Perth, June 16, 2026, 07:02 AWST
- Regis Resources surged 13.33% to A$6.63 on Monday. Australian gold miners posted sharp gains.
- ASX stocks climbed. The S&P/ASX 200 put on 1.25%, while the ASX Gold Sub-Index surged 9.1%.
- Investors still watching for an update on the Vault Minerals merger. The scheme booklet may land in July or August. A shareholder vote and the court process could get underway in August or September.
Regis Resources Limited surged 13.33% to A$6.63 on Monday, according to Trading Economics. The gain came as gold miners rallied and the ASX 200 closed 110 points higher at 8,914.0, Market Index reported. Regis moved up with Vault Minerals, Evolution Mining, Northern Star Resources and several other gold stocks.
Gold miners led gains as gold and metals bounced back, oil traded lower and bond yields eased. COMEX gold futures added 2.1% to US$4,330 an ounce. The Gold Sub-Index jumped 9.1%, the sharpest rise in over five years, according to Market Index. Higher gold prices lift miner revenue, and lower oil cuts onsite diesel bills. Both those moves can fuel a strong rally in gold shares.
Regis shares have another factor in focus: the merger with Vault Minerals. Regis announced in May it would buy Vault through an all-scrip deal, offering 0.6947 Regis shares for every Vault share. When the merger closes, Regis holders would have about 51% of the new group, Vault holders around 49%. The combined company would be looking at annual gold output over 700,000 ounces, ore reserves at 6.0 million ounces, resources at 20.5 million ounces, and a pro-forma market value of A$10.7 billion. “By combining the two businesses we are creating a stronger company with greater scale, improved diversification and a stronger balance sheet,” Regis chief Jim Beyer told analysts on a call. Reuters
Regis is a play on a gold rebound and could boost output if the Vault merger happens. The merged group is targeting 682,000 to 740,000 ounces in FY26. Regis alone is guiding for 350,000 to 380,000 ounces at all-in sustaining costs of A$2,610 to A$2,990 an ounce. All-in sustaining cost, or AISC, takes in capital and site costs per ounce. If gold prices hold up, a larger, debt-free company with more liquidity could appeal to more investors.
The bear case is just as clear. Most of the upside got priced in on Monday’s jump. The merger still has several barriers: Vault shareholders need to vote yes, a court has to okay it, regulators have to sign off, and there’s an independent expert to satisfy. The companies said there’s no sure deal the scheme will happen. For Regis, the McPhillamys site in New South Wales is still tied up after a Section 10 ruling put the project on ice, with the company challenging that in Federal Court.
Regis jumped 13% in a single session, trading more like a high-beta gold or deal stock than a straight value play. Bulls who want exposure to steady gold and no merger stumbles might stay keen. For more risk-averse names, it’s gotten harder to own Regis until the next operations update gives clarity on production and AISC, and the scheme booklet, shareholder vote, and court stages lay out how soon a merger could actually close.
