https://www.miningweekly.com

Regis posts record profit on higher gold price

17th February 2020

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed gold miner Regis Resources has reported a record net profit after tax of A$93.4-million for the half-year ended December, on the back of increased gold prices.

During the interim period, Regis sold 183 807 oz of gold, down from the 186 276 oz sold during the previous corresponding period, with prices increasing from $1 696/oz to $2 063/oz in the same period.

Revenue for the half-year reached A$371.4-million, up by 17% on the previous corresponding period.

“We continue to deliver solid cash flow with robust net profit margins of 25%, which has allowed the company to undertake a period of significant capital investment towards the development of the Rosemont underground and new satellite deposits at Dogbolter-Coopers, Baneygo and Petra,” said Regis MD Jim Beyer.

The Duketon operations continue to be on track to deliver on yearly guidance of between 340 000 oz and 370 000 oz, with all-in sustaining costs are expected to be at the upper end of the guidance of between A$1 125/oz and A$1 195/oz, after excluding the extra royalty cost impact associated with the higher gold price.

Edited by Creamer Media Reporter

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

EKATO Africa
EKATO Africa

Established in 1933, EKATO is the world leader in agitation technology, supplying agitators for processes and applications such as chemicals and...

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.041 0.96s - 111pq - 2rq
Subscribe Now