Regis Resources Limited ( (RGRNF) ) has released its Q4 earnings. Here is a breakdown of the information Regis Resources Limited presented to its investors.
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Regis Resources Limited is a prominent gold producer listed on the Australian Securities Exchange, with key operations in the Eastern Goldfields of Western Australia and the Central Tablelands of New South Wales. The company focuses on gold mining and exploration, leveraging its unhedged position to capitalize on favorable gold prices.
In its latest annual report, Regis Resources highlighted a significant financial turnaround, reporting a revenue increase of 30% to $1.65 billion and a return to profitability with a gain of $254.4 million, compared to a loss in the previous year. The company also declared a fully franked dividend of 5 cents per share, marking a return to dividend payments.
Key financial metrics showed strong performance, with a 163% increase in EBITDA to $780 million and record operating cash flows of $821 million. The company’s strategic focus on underground growth at its Duketon and Tropicana projects continued, with substantial investments in exploration and development. Regis also achieved a significant milestone by becoming debt-free and unhedged, enhancing its financial flexibility.
Looking ahead, Regis Resources is well-positioned to pursue further growth opportunities, with a strong cash position and ongoing exploration activities. The company’s management remains focused on expanding its underground mining operations and exploring new opportunities for open-pit mining, while maintaining a commitment to safety and sustainability.