Record Cash Generation
The company reported a fourth consecutive quarter of strong cash generation, surpassing the previous record by $40 million, resulting in a total cash and bullion balance exceeding $0.5 billion.
Debt-Free Status Achieved
Regis Resources paid off a $300 million syndicated loan facility several months early, achieving a debt-free status for the first time since 2010.
Strong Performance at Tropicana
Tropicana achieved a production record under Regis' ownership, producing 43,000 ounces at an all-in sustaining cost of $1,773 per ounce.
Positive Gold Price Impact
The average gold price received for the quarter was $4,076 per ounce, contributing significantly to revenue and cash flow.
Exploration Success
Exploration activities have identified significant potential at Ben Hur and other sites, with a new exploration target of 300,000 to 550,000 ounces.