Regis reports solid quarter
PERTH (miningweekly.com) – Gold miner Regis Resources has reported lower all-in sustaining costs (AISC) for the quarter ended September 30, as production initiatives at the Western Australian operations took effect.
The Duketon project produced 75 416 oz of gold in the quarter under review, in line with the 75 372 oz produced in the previous quarter; however, AISC declined from A$1 148/oz to A$973/oz.
Regis said on Friday that the company had implemented a number of initiatives around pit designs and processing to drive improvements across all three of the Duketon operations.
The Garden Well mine produced 30 988 oz of gold during the quarter, while the Moolart Well and Rosemont mines delivered 18 861 oz and 25 567 oz respectively.
Mill throughput for the quarter was 1% higher than in the previous quarter, at 2.56-million tonnes, while the overall milled grade for the quarter was consistent with the June quarter grade at 1.04 g/t gold.
Regis sold some 74 799 oz of gold at an average price of A$1 545/oz in the quarter under review.
The miner has maintained its full year production guidance of between 275 000 oz and 305 000 oz.
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