Regis Resources increased its year-end payout and said it will give shareholders a special dividend, as annual profits surged on record-high gold prices and it received a break fee from a failed takeover deal.

The Australian gold miner on Friday said it made a record net profit of 715.1 million Australian dollars, equivalent to US$509 million, in the year through June. That was up from A$254.4 million a year earlier.

Directors declared a final dividend of 15 Australian cents per share, up from 5 cents a year ago. Regis said it will also pay a special dividend of 5 cents a share to pass on the break fee after a deal to buy Vault Minerals fell through.

Regis benefited from a record-breaking rally in gold prices, which has been fueled by a weaker U.S. dollar and strong central-bank demand, among other tailwinds. Regis said its average realized price jumped by 43% year over year.

The volume of gold sold by the company was little changed year over year.

Regis in May agreed to buy Vault in a deal that it said would turn it into Australia's third largest primary-listed gold producer and a "globally relevant" senior gold producer.

However, that deal was trumped by an offer from Genesis Minerals that Vault directors found to be superior and that Regis decided not to match.

Regis walked away from the deal saying it had "a clear pathway of organic growth opportunities," including its McPhillamys gold project in New South Wales state. It was paid a break fee of A$51 million.

Regis "enters FY27 with a strong balance sheet that positions the company to invest in its operations and growth options while continuing to deliver meaningful returns to shareholders," said Chief Executive Jim Beyer.

The miner reaffirmed its annual production and cost guidance for fiscal 2027.