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Regis Resources Limited ( (AU:RRL) ) has shared an announcement.
Regis Resources has announced an extension of its Duketon North Operation by increasing the Probable Ore Reserves at the Buckingham and Wellington pits to 251koz, thereby extending the mine life and enhancing production. This strategic move leverages existing infrastructure and mill capacity, optimizing cash flow and maintaining operational flexibility without requiring new infrastructure or approvals. The updated mine plan is expected to deliver strong financial outcomes, including a pre-tax cash flow of $336 million, while aligning with Regis’ strategy of disciplined capital management and opportunistic growth.
The most recent analyst rating on (AU:RRL) stock is a Hold with a A$6.80 price target. To see the full list of analyst forecasts on Regis Resources Limited stock, see the AU:RRL Stock Forecast page.
More about Regis Resources Limited
Regis Resources Limited is a company operating in the mining industry, primarily focused on gold production. The company is involved in the exploration and development of gold projects, with a significant presence in the Duketon Greenstone Belt in Western Australia.
Average Trading Volume: 5,190,147
Technical Sentiment Signal: Buy
Current Market Cap: A$5.07B
Find detailed analytics on RRL stock on TipRanks’ Stock Analysis page.