Regis Resources has posted a first-half profit of $66.1 million, up 73 per cent on the previous corresponding period, as the company's new Garden Well gold mine came online.
The result came on gold sales of $181 million for the period, up 117 per cent.
The company also benefitted from a higher realised gold price of $1613 an ounce, up from 1564 an ounce previously.
However cash costs for the half were up 4 per cent to $515 an ounce.
Regis said it expected gold production from Garden Well to be 50,000-55,000 ounces for the March quarter and 58,000-63,000 ounces for the June quarter.
It said the Moolar Well mine continued to operate at forecast gold production of 100,000-110,000 ounces a year.
Regis said it expected to pay a full-year dividend of 20 cents based on its gold production estimates for the balance of the financial year and its gold price projections.
The company held cash and gold bullion holdings of $32.3 million at the end of December.
Regis shares were off seven cents, or 1.55 per cent, to $4.44 at 9.30am in a weaker market.