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An announcement from Regis Resources Limited ( (AU:RRL) ) is now available.
Regis Resources Limited announced that AngloGold Ashanti will host an analyst visit to the Tropicana Gold Project, where Regis holds a 30% stake. The presentation by AngloGold Ashanti, which complies with US SEC requirements, highlights the company’s 70% interest in the project. Regis confirms that its mineral resources and reserves remain unchanged from previous announcements, and it is not aware of any new information that would affect these figures. The announcement underscores the ongoing collaboration between the two companies and the stability of Regis’s position in the project, although it also highlights the inherent risks in the mining sector.
The most recent analyst rating on (AU:RRL) stock is a Hold with a A$2.05 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 an Australian company operating in the gold mining industry. The company is involved in the exploration, development, and production of gold, with a significant interest in the Tropicana Gold Mine, a joint venture with AngloGold Ashanti.
Average Trading Volume: 4,772,668
Technical Sentiment Signal: Buy
Current Market Cap: A$3.93B
For an in-depth examination of RRL stock, go to TipRanks’ Stock Analysis page.