Regis Resources Limited (AU:RRL) has released an update.
Regis Resources Ltd. has announced the green light for the Havana Underground Project, an extension of the Tropicana Gold Mine operations, which promises to boost gold production by a significant margin between 2027 and 2029. The venture, jointly approved by Tropicana partners, is projected to yield a 30% incremental increase in gold output, with Regis investing $34M for its 30% stake. Leveraging existing infrastructure, the new underground mine will enhance the value of the Tropicana operations, with anticipated high returns and cost-effective production.
For further insights into AU:RRL stock, check out TipRanks’ Stock Analysis page.
