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REGIS RESOURCES LIMITED — Earnings Release 2018
Jul 9, 2018
65733_rns_2018-07-09_3a555782-acea-43a2-8fe5-bde1be2e261d.pdf
Earnings Release
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10 July 2018
Manager Announcements Company Announcements Office Australian Securities Exchange Limited Level 4, 20 Bridge Street Sydney NSW 2000
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ABN 28 009 174 761 www.regisresources.com Level 1, 1 Alvan Street Subiaco WA 6008 Australia P 08 9442 2200 F 08 9442 2290
STRONG JUNE 2018 QUARTER SEES REGIS POST RECORD ANNUAL GOLD PRODUCTION
The board of Regis Resources Ltd is pleased to advise that gold production for the June 2018 quarter was a very strong 92,008 ounces .
This takes Regis’ FY2018 gold production to an annual record of 361,373 ounces , which is at the top end of FY18 guidance range of 335,000 – 365,000 ounces. Operating results for the Duketon Gold Project for FY2018 are summarised below:
| 2018 | 2017 | |
|---|---|---|
| Ore mined (Mbcm ) | 4.58 | 4.56 |
| Wastemined (Mbcm) | 20.13 | 25.55 |
| Strippingratio (w:o) | 4.40 | 5.60 |
| Oremined (Mtonnes) | 10.56 | 10.85 |
| Oremilled (Mtonnes) | 10.04 | 9.78 |
| Head grade (g/t) | 1.19 | 1.11 |
| Recovery (%) | 94 | 93 |
| Gold production(koz) | 361 | 324 |
The strong finish to the financial year has seen Regis’ cash and bullion position rise to $208.8 million at 30 June 2018, a quarter-end record and an increase of $40.9 million from the $167.9 million held at 31 March 2018.
The Company’s June 2018 quarterly report will be released on Tuesday 31 July 2018 and will have full details on production and costs for the quarter and guidance for FY2019.
Regis Executive Chairman Mark Clark commented:
“It was pleasing to end the year with another very strong operational quarter at Duketon. Record annual gold production of 361,373 ounces and record quarter-end cash and bullion holdings of $208.8 million are a testament to the quality of the Duketon operations and the team that manage them.”
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