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.

Carolyn Herbert

Finance News Network
Carolyn joined FNN in August 2015 as the Head of News and also presented the Market at Midday and the Market Wrap. With more than five years of broadcast journalism experience, Carolyn has worked as a finance anchor on the Sky News Business channel and as an anchor and reporter for ABC News. She is also a qualified corporate lawyer specialising in IPOs, takeovers and mergers and acquisitions.