Regis Resources flags record annual production

Company News

by Carolyn Herbert

Regis Resources (ASX:RRL) has flagged record annual production of 363,418 ounces of gold, hitting the top end of annual guidance.

The miner's all in sustaining costs (ASIC) were $1,029 per ounce which was about the mid-point of its guidance range.

Group Ore Reserves (as at 31 March 2019) were 4.03 million ounces (Moz), an increase of 8 per cent after accounting for mining depletion during the year. This added an extra year of mine life at Moolart Well.

Regis says it was an excellent performance by the Regis team which delivered a record production year at the upper end of it's production guidance.

Shares in Regis Resources (ASX:RRL) are trading 0.76 per cent lower at $6.50.

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