RRL 1.00% $2.02 regis resources limited

Ann: September 2018 Quarterly Results Presentation, page-2

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  1. 6,777 Posts.
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    another nice quater:

    Quarterly gold production of 90,879 ounces (Jun 18: 92,008 ounces) at Duketon was above the midpoint of FY19 guidance.
    • Pre-royalty cash cost for the quarter of $793 per ounce and all in sustaining cost (AISC) of $923 per ounce (Jun 18: CC $760/oz & AISC $982/oz). Both costs are well below the lower end of FY19 guidance.
    • Strong cash flow from operations continued with $77.9m for the quarter

    Cash and bullion of $190.0 million at the end of the quarter (Jun 18: $208.8 million), after payment of $40.6 million in dividends, $15.3 million growth capex on prestrip of new satellite projects and TSF lifts ($40m growth capex for FY19 significantly weighted to H1) and $1.9 million on long lead items for Rosemont Underground.
    • Regis sold 71,310 ounces of gold at an average price of $1,660 per ounce during the quarter.


    Cash flow slightly negative but only because of 17.2 million CAPEX expansion (almost half of the years budgeted 40m) and 40.6 million of last financial years divis paid this quarter.
    Probably a wise not selling all the gold, prices set to rise next year IMO

    Really loving the AISC of under 1000 AUD.
    Gold currently $1726 AUD so about $800 and ounce ATM and gold looking to rise!
 
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