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REGIS RESOURCES LIMITED — Earnings Release 2024
Jul 7, 2024
65733_rns_2024-07-07_cf449d65-217b-4951-a3bd-e7d5285221e9.pdf
Earnings Release
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ASX Announcement
8 July 2024
REGIS GROWS CASH AND BULLION BY A RECORD $109 MILLION IN JUNE QUARTER
Regis Resources Limited ( ASX: RRL, “Regis”) is pleased to announce the following unaudited business update for the June 2024 quarter and the full financial year ended 30 June 2024.
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106.4koz of total Group gold production for the June 2024 quarter.
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417.7koz of total Group gold production for FY24 which is within Group FY24 production guidance.
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Record cash and bullion position of $295M at 30 June 2024, up a record $109M from $186M at 31 March 2024.
| Production vs Guidance | Q4 FY24 | FY24 | FY24 |
|---|---|---|---|
| (koz) | Actual | Actual | Guidance |
| Duketon | 75.6 | 290 | 280 - 305 |
| Tropicana | 30.8 | 128 | 135 - 150 |
| Group | 106.4 | 418 | 415 - 455 |
During the quarter, operational performance across Duketon and Tropicana continued to recover from the major rain events that occurred in March. Duketon produced 75.6koz of gold resulting in FY24 gold production of 289.9koz which is within its FY24 production guidance range. Tropicana, which experienced more significant impacts from the rain, has had a slower recovery and produced 30.8koz of gold resulting in FY24 gold production of 127.8koz which is below its FY24 production guidance range.
With a solid Group production of 106.4koz of now fully unhedged gold in the quarter and the previously disclosed $20M tax refund received early in the quarter, Regis saw very strong growth in its quarterly cash and bullion balance, which was up a record $109M from 31 March 2024 to its highest ever position of $295M at 30 June 2024.
Group production for FY24 was 417.7koz of gold and within the FY24 Group production guidance range.
Regis will provide further commentary on its operational and financial performance, including FY25 production and cost guidance, when it releases its full June quarterly report on 25[th] July 2024. Regis will host its Quarterly Results conference call at 9:00am AWST / 11:00am AEST on the same day.
To register for the call follow the link: June 2024 Quarter Webcast Registration and the webcast can be viewed via the following link: June 2024 Quarter Webcast.
For further information please contact:
Investor Relations Enquiries: Media Enquiries: Jeff Sansom Shane Murphy Regis Resources Limited FTI Consulting T: +61 473 089 856 T: +61 420 945 291 E: [email protected] E: [email protected]
This announcement is authorised for release by Managing Director and CEO of Regis Resources, Jim Beyer
Level 2 PO Box 862 T. +61 8 9442 2200 www.regisresources.com.au 516 Hay Street Subiaco WA 6904 F. +61 8 9442 2290 Regis Resources Limited Subiaco, WA, 6008 WA, 6904 E. [email protected] ABN 28 009 174 761
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