Regis Resources Posts Higher Fiscal Q2 Gold Production; Shares Rise 5%

MT Newswires Live

Jan 08, 2025

Regis Resources (ASX:RRL) posted 101,300 ounces of total gold production for the second quarter of fiscal 2025, compared with 94,500 ounces in the first quarter, according to a Wednesday filing with the Australian bourse.

Duketon mine's output grew quarter on quarter to 58,300 ounces from 57,500 ounces, while Tropicana's production improved to 43,000 ounces from 37,000 ounces, the filing stated.

For fiscal 2025, the company maintained its total production target of 350,000 to 380,000 ounces, the filing added.

The company had AU$529 million in cash and bullion as of Dec. 31, 2024, up from AU$380 million as of Sept. 30, 2024.

Shares of the gold company rose 5% in recent Wednesday trade.

Price (AUD): $2.73, Change: $+0.14, Percent Change: +5.41%

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