Bell Potter pushing the wheelbarrow here while recent management commentary is positive...
“The December quarter has seen a marked lift in performance across a number of key areas, which pleasingly resulted in improvements in safety, production and costs,” Regis managing director Jim Beyer said.
“Our value growth strategy continues to gather momentum with increasing gold production from Rosemont. We also approved the next underground mine at Garden Well South and work has already commenced on what will be an excellent addition to our production profile in the coming years.”
Regis has also continued drilling at the Ben Hur project, part of the Duketon operations in Western Australia, uncovering positive resource infill results to extend mineralisation.
With a mineral resource of 5.8 million tonnes at 1.6 grams per tonne of gold for 290,000 ounces, this will add further life to Duketon and progress the company’s key value growth projects.
RRL Price at posting:
$3.58 Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)