news

Australian gold miner Regis reports record annual production of 458,354 ounces

Kitco Media
By Vladimir Basov
Published
Updated
Kitco News
The Leading News Source in Precious Metals

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage (often exclusive) of important industry events and analyses of market-affecting developments.

Editor noteGet all the essential market news and expert opinions in one place with our daily newsletter. Receive a comprehensive recap of the day's top stories directly to your inbox. Sign up here!

(Kitco News) - Regis Resources (ASX: RRL), fourth largest Australian gold producer on the ASX, yesterday reported record annual production of 458,354 ounces for the financial year ended June 30, 2023.

The company said that its cash and bullion increased to A$243M at 30 June 2023 up from A$204M at 31 March 2023.

Managing Director and CEO Jim Beyer commented, “We are very pleased to deliver a record year of gold production for FY23. Most notably, the June quarter saw our operations drive a cash and bullion build of $39M.

“With commercial production declared at both Garden Well underground (Duketon) and Havana open pit (Tropicana) we have commenced the journey from investment phase to having two cash generating pillars that can be used to help fund our growth project, McPhillamys once approved.”

Regis holds dominant positions on the Duketon and Albany-Fraser (Tropicana) Greenstone Belts in the North Eastern Goldfields of Western Australia, operating several open pit and underground mines on these belts.

The company is also progressing the McPhillamys gold project in the Central Western region of New South Wales, a robust large-scale open pit gold mine within a highly prospective land package.

Tietto announces commercial production at its Abujar gold mine in Cote d'Ivoire
Kitco Media

Vladimir Basov

Vladimir (PhD, MEng in Mining) is a professional mining engineer, scientist and analyst that has more than 20 years of practical in-field and research experience. He is particularly interested in collecting, processing baseline data and writing insightful data-driven mining industry analytics, articles, statistical and research reports.

Mdi Earth Logo

Share

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.