Underground Project Shows Potential of AngloGold, Regis's Tropicana Mine -- Market Talk

Dow Jones

2024/09/09

0115 GMT - The development of the Havana underground at the Tropicana gold mine--owned 70% by AngloGold and 30% by Regis Resources--is "another incremental example of the considerable underground mineralization potential" at that site, says RBC Capital Markets analyst Alex Barkley. RBC has an outperform rating at A$2.60 target on Regis, which is down 2.3% in Sydney at A$1.735/share. Tropicana accounts for A$0.92 of the broker's valuation on Regis, Barkley says. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

September 08, 2024 21:15 ET (01:15 GMT)

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