Regis Resources Posts Record Cash, Extends Duketon Life as Growth Pipeline Builds

Regis Resources Limited ( (AU:RRL) ) has shared an announcement.

Regis Resources reported a strong December quarter, with consistent operational performance at its Duketon and Tropicana assets delivering gold production of 96.6koz at an all-in sustaining cost of A$2,839/oz and record cash and bullion of A$930 million. High realised gold prices and robust output underpinned quarterly gold sales of 99.5koz for revenue of A$641 million and operating cash flow of A$419 million, allowing the company to pay a fully franked dividend of 5 cents per share, materially strengthen its balance sheet and signal a more formal capital management framework to come. Growth momentum was reinforced by the development of 251koz of ore reserves at the Buckingham–Wellington open pit, extending Duketon North production through to the end of FY31, alongside ongoing drilling at key underground and open-pit targets and continued technical work and legal processes at the McPhillamys project, all against a backdrop of strong safety performance and no material environmental incidents.

The most recent analyst rating on (AU:RRL) stock is a Buy with a A$9.70 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 gold producer listed on the ASX, operating the Duketon operations in Western Australia and holding a 30% interest in the Tropicana gold mine. The company focuses on open-pit and underground gold mining and processing, with an emphasis on disciplined cost control, balance sheet strength and a pipeline of organic growth projects across its portfolio.

Average Trading Volume: 3,094,045

Technical Sentiment Signal: Buy

Current Market Cap: A$6.02B

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