Tag: McPhillamys

THE gold continues to glitter for WA-based miner Regis Resources. Regis Resources’ shares climbed to a historic high of $5.76 in February, after the Duketon gold project owner announced a half-year profit of $80 million. While the price hasn’t sustained that level, it’s hovered between the $5 and $5.50 mark ever since, allowing the company to return more than $40m to shareholders in the form of an 8¢ a share interim dividend. The  gold miner generated $126.5m in operating cash flows between July 1 and December 31 last year on sales of 186,726 ounces of gold and revenues of $317.2m, with EDITDA of $146.4 million at a healthy margin of 46 per cent. Figures from its latest corporate update reveal…

Image: Regis Resources. BY ELIZABETH FABRI REGIS Resources capped off FY18 with record production and cash flow at its Duketon project. Moving into FY19, the good news is set to continue with an expansion underway at Rosemont and DFS work advancing at McPhillamys. WA-based gold miner Regis Resources has a busy year ahead, with plenty of upside across its portfolio after a record June quarter. For the final three months of FY18, the miner produced 92,008 ounces of gold, bringing its annual production up to 361,373oz at an all-in-sustaining cost (AISC) of $901/oz. Record quarter-end cash and bullion holdings of $208.8 million were also a plus, and “testament to the quality” of the Duketon operations, according to Regis Resources executive…