Regis now expects the DFS to be completed around the end of...

Regis now expects the DFS to be completed around the end of FY24. The application for a modification to the approval conditions is currently estimated to take seven to ten months. Subject to further optimisation, Regis expects to be in a position to consider FID once these modification approvals have been received.

Regis Managing Director Jim Beyer said: “The general cost inflation seen globally for construction and permitting required scope increases have clearly escalated costs for McPhillamys. The Regis value growth strategy is to continue to build as a profitable and sustainable mid-tier gold company including prudent capital allocation and generating attractive returns for our shareholders. We are taking the necessary time to reduce, as far as we can, the capital required to bring McPhillamys into production through value engineering optimisation. McPhillamys is a key part of Regis’ future growth and remains an attractive gold project that, at current gold prices and under our current All in Sustaining Cost assumptions, delivers strong margins with clear upside potential via this rising gold price environment and with mine-life extension opportunities that go well beyond the current plans.”.


You can count on the Regis Board to issue a negative post during peak spot prices... no doubt to soften the blow of more bad management...