UPDATE 1.55pm: Gold miner Regis Resources has more than doubled its full-year profit to $145.7 million.
The result was achieved on a 144 per cent jump in the value of its gold sales to $416.1 million based on 253 ounces at an average price of $1599 an ounce.
The company declared a maiden dividend of 15 cents a share full franked to be paid on October 25.
Regis said it held cash and bullion worth $80.9 million at the end of June, up from $9.7 million the previous year.
The company gave full-year 2014 production guidance of 190,000-210,000 ounces at a pre royalty cash cost of $680-$730 per ounce from its Garden Well operation.
From Moolart Well, it predicted full-year production of 95,000-105,000 ounces at a pre royalty cash cost of $560-$610 per ounce.
Production from the Rosemount operation was expected to begin in the December quarter with a predicted full-year contribution of 48,000-53,000 ounces. Cash cost guidance would be issued after the project completed its first full quarter of operations.Regis shares were off 30 cents, or 7.5 per cent, to $3.70 shortly before the close of trade.