Latest Research

Regis Resources - Solid Dec Q production

Regis Resources Logo

Regis Resources (RRL) reported solid Dec Q production of 90koz at an AISC of $985/oz (+6% on costs, production in-line). The result was in line with the previous Q, albeit with marginally higher costs largely as a result of higher strip ratio’s, lower milled tonnes and increased capex. 1HFY production of 181koz at AISC $954/oz is trending at the higher end of 340-370koz guidance and at the lower end of costs. Cashflow from operations of $76.4m was broadly in line with the Sept Q ($77.9m in Sept Q and vs Argonaut $67m) at a +3% higher gold price of A$1,718 (vs Sept Q received price of A$1,660/oz) which offset the higher cost of production. Production should improve further in the March Q as DSO throughput tonnages rebound post mill re-line work. BUY, TP $5.20ps.

To access our Regis Resources report please log in under the Client Area Log In at the bottom of this page.

Argonaut’s Client Area allows you to view delayed share prices, access Argonaut’s wealth of Research as well as create custom portfolios and set up company watch lists.

If you would like to access our research please contact us to create an account.

Perth:
This email address is being protected from spambots. You need JavaScript enabled to view it.
+61 8 9224 6888

Hong Kong:
This email address is being protected from spambots. You need JavaScript enabled to view it.  
+852 3557 4888

Google+