Regis Resources Reports Significant Growth in Ore Reserves for 2024

The latest update is out from Regis Resources Limited ( (AU:RRL) ).

Regis Resources Limited has announced its Mineral Resource and Ore Reserve update for the year ending December 2024, highlighting significant growth in its reserves. The company reported a 550% growth in underground Ore Reserves at Duketon since 2019 and a 202% increase at Tropicana since 2018, despite the withdrawal of reserves at McPhillamys due to a Section 10 declaration. These developments align with Regis’ strategy to expand its underground portfolio and extend mine life, reinforcing its long-term value and operational stability.

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 a company operating in the mining industry, primarily focused on gold exploration and production. Its key operations are located at Duketon and Tropicana, where it engages in both open pit and underground mining activities.

YTD Price Performance: 74.51%

Average Trading Volume: 4,977,180

Technical Sentiment Signal: Buy

Current Market Cap: A$3.36B

For detailed information about RRL stock, go to TipRanks’ Stock Analysis page.