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Shares in Regis Resources Limited (ASX:RRL) have dropped in early trade after warning write-downs will hit its annual net profit.
The gold miner has flagged impairment charge of between $230 to $280 million for the 2014 financial year.
The write-downs relate to the Garden Well and Rosemont operations, McPhillamys Gold Project and regional exploration expenditure at the Duketon project.
Regis Resources has forecast an unaudited net profit of $79 million for the 2014 financial year, down from $201 million the prior year.However, this guidance excludes the estimated impairment charge which if included would push the company to a full year net loss when it releases results in September.Regis Resources reported a net profit of $45.69 million in the first half of the 2014 financial year.
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Last
$4.46 |
Change
0.040(0.90%) |
Mkt cap ! $3.370B | |||
| Open | High | Low | Value | Volume |
| $4.52 | $4.60 | $4.44 | $19.23M | 4.272M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 113 | $4.46 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $4.48 | 33187 | 3 |
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| Last trade - 16.20pm 23/07/2025 (20 minute delay) ? |
| RRL (ASX) Chart |