Australian (ASX) Stock Market Forum

RRL - Regis Resources

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If Forrest can pay $30 million for Olivia Newton John's Gaia Retreat and Spa in Brooklet, Northern Rivers, $168 won't be much to him for a stake in gold mining after today's rout
 
Sean K said:
Well, the fact he's into a bit of gold, for whatever reason, gives me some comfort right now. Maybe the gold hypothesis has some legs. At the moment, I'm watching for any affirmation.
Click to expand...
Well, as now I lay me down to sleep, the POG after the New Yawk open is ballistic and just about regained a days drop in under 15 minutes.

So the ole Twigs will be pleased.

gg
 
but no

Andrew Forrest’s Wyloo has walked away from plans to significantly increase its stake in gold miner Regis Resources.

Wyloo’s broker, Barrenjoey, told clients on Friday morning that the Thursday night raid had fallen short of its 15 per cent target and would not proceed.

“We received interest for in excess of 12% of the company,” the book message said.
Click to expand...
 
Dona Ferentes said:
but no

Andrew Forrest’s Wyloo has walked away from plans to significantly increase its stake in gold miner Regis Resources.

Wyloo’s broker, Barrenjoey, told clients on Friday morning that the Thursday night raid had fallen short of its 15 per cent target and would not proceed.
Click to expand...
Nonetheless, it is comforting to know that ole Twiggs is interested in Gold.

I suppose he'll be flogging trucks that run downhill all the time to gold miners.

gg
 
RECORD 123,901oz GOLD PRODUCTION IN THE JUNE QUARTER

HIGHLIGHTS
• Record June 2022 quarter gold production of 123,901oz
▪ Duketon: 92.8koz gold produced
▪ Tropicana: 31.1koz gold produced
• Record FY22 annual gold production of 437,300oz
▪ Duketon: 315.5koz gold produced
▪ Tropicana: 121.8koz gold produced
• Annual gold production within FY22 production guidance# of 420koz-475koz
• Cash build of $60M in the June quarter
• Cash and bullion increased to $227M* at 30 June 2022 up from $167M at 31 March
2022
• Broader market inflationary cost pressures continue, resulting in anticipated FY22
All In Sustaining Costs (AISC) being slightly above the current FY22 cost guidance
of $1,425-$1,500/oz

Regis Resources is pleased to provide a production update for the June quarter 2022.
Total Group gold production for the June quarter 2022 increased 20% to a quarterly record of 123.9koz
(MarQ 103.1koz). Duketon gold production increased 24% to 92.8koz (MarQ 74.8koz) and Tropicana
gold production increased 10% to 31.1koz (MarQ 28.3koz). The overall annual gold production of
437koz is consistent with FY22 production guidance of 420koz-475koz and is an increase of 17% on
FY21 annual production.
General industry inflationary pressures have continued across our operations and preliminary
indications point to a full year AISC slightly above the top end of FY22 cost guidance ($1,425-
$1,500/oz). Confirmation of the final outcome will be provided in the June Quarter Report released
later this month.
The improved production performance over the June quarter delivered an increase in the cash and
bullion balance of $60M to $227M* at 30 June 2022 (31 March 2022 $167M). This increase includes
a $17.9M tax refund during the quarter.
The Company will release its full June Quarter Report including FY23 production and cost guidance
on 26 July 2022.
Regis Resources’ Managing Director, Jim Beyer, said:
“We are very pleased to deliver a record quarter of gold production for the June 2022 quarter. We have
seen reliable delivery on our improvement plans that were developed and implemented to address the
operational challenges we experienced in the first half of the year. This has seen the company deliver
an improved performance despite the challenging external conditions.
The result is a record production performance for the quarter and overall annual gold production that
sits comfortably within FY22 production guidance. The company is now well set for increased annual
gold production into FY23. We look forward to releasing the full June Quarter Report along with
company guidance later in the month.”
HIGHLIGHTS
• Record June 2022 quarter gold production of 123,901oz
▪ Duketon: 92.8koz gold produced
▪ Tropicana: 31.1koz gold produced
• Record FY22 annual gold production of 437,300oz
▪ Duketon: 315.5koz gold produced
▪ Tropicana: 121.8koz gold produced
• Annual gold production within FY22 production guidance# of 420koz-475koz
• Cash build of $60M in the June quarter
• Cash and bullion increased to $227M* at 30 June 2022 up from $167M at 31 March
2022
• Broader market inflationary cost pressures continue, resulting in anticipated FY22
All In Sustaining Costs (AISC) being slightly above the current FY22 cost guidance
of $1,425-$1,500/oz
Page 2
FORWARD LOOKING STATEMENTS
This ASX announcement may contain forward looking statements that are subject to risk factors associated with gold
exploration, mining and production businesses. It is believed that the expectations reflected in these statements are
reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause
actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations,
drilling and production results, Reserve estimations, loss of market, industry competition, environmental risks, physical risks,
legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political
risks, project delay or advancement, approvals and cost estimates.
Forward-looking statements, including projections, forecasts and estimates, are provided as a general guide only and should
not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties and
other factors, many of which are outside the control of Regis Resources Ltd. Past performance is not necessarily a guide to
future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any
forward looking statements or other forecast

====================================================================

DYOR

i hold RRL
 
divs4ever said:
RECORD 123,901oz GOLD PRODUCTION IN THE JUNE QUARTER

HIGHLIGHTS
• Record June 2022 quarter gold production of 123,901oz
▪ Duketon: 92.8koz gold produced
▪ Tropicana: 31.1koz gold produced
• Record FY22 annual gold production of 437,300oz
▪ Duketon: 315.5koz gold produced
▪ Tropicana: 121.8koz gold produced
• Annual gold production within FY22 production guidance# of 420koz-475koz
• Cash build of $60M in the June quarter
• Cash and bullion increased to $227M* at 30 June 2022 up from $167M at 31 March
2022
• Broader market inflationary cost pressures continue, resulting in anticipated FY22
All In Sustaining Costs (AISC) being slightly above the current FY22 cost guidance
of $1,425-$1,500/oz

Regis Resources is pleased to provide a production update for the June quarter 2022.
Total Group gold production for the June quarter 2022 increased 20% to a quarterly record of 123.9koz
(MarQ 103.1koz). Duketon gold production increased 24% to 92.8koz (MarQ 74.8koz) and Tropicana
gold production increased 10% to 31.1koz (MarQ 28.3koz). The overall annual gold production of
437koz is consistent with FY22 production guidance of 420koz-475koz and is an increase of 17% on
FY21 annual production.
General industry inflationary pressures have continued across our operations and preliminary
indications point to a full year AISC slightly above the top end of FY22 cost guidance ($1,425-
$1,500/oz). Confirmation of the final outcome will be provided in the June Quarter Report released
later this month.
The improved production performance over the June quarter delivered an increase in the cash and
bullion balance of $60M to $227M* at 30 June 2022 (31 March 2022 $167M). This increase includes
a $17.9M tax refund during the quarter.
The Company will release its full June Quarter Report including FY23 production and cost guidance
on 26 July 2022.
Regis Resources’ Managing Director, Jim Beyer, said:
“We are very pleased to deliver a record quarter of gold production for the June 2022 quarter. We have
seen reliable delivery on our improvement plans that were developed and implemented to address the
operational challenges we experienced in the first half of the year. This has seen the company deliver
an improved performance despite the challenging external conditions.
The result is a record production performance for the quarter and overall annual gold production that
sits comfortably within FY22 production guidance. The company is now well set for increased annual
gold production into FY23. We look forward to releasing the full June Quarter Report along with
company guidance later in the month.”
HIGHLIGHTS
• Record June 2022 quarter gold production of 123,901oz
▪ Duketon: 92.8koz gold produced
▪ Tropicana: 31.1koz gold produced
• Record FY22 annual gold production of 437,300oz
▪ Duketon: 315.5koz gold produced
▪ Tropicana: 121.8koz gold produced
• Annual gold production within FY22 production guidance# of 420koz-475koz
• Cash build of $60M in the June quarter
• Cash and bullion increased to $227M* at 30 June 2022 up from $167M at 31 March
2022
• Broader market inflationary cost pressures continue, resulting in anticipated FY22
All In Sustaining Costs (AISC) being slightly above the current FY22 cost guidance
of $1,425-$1,500/oz
Page 2
FORWARD LOOKING STATEMENTS
This ASX announcement may contain forward looking statements that are subject to risk factors associated with gold
exploration, mining and production businesses. It is believed that the expectations reflected in these statements are
reasonable but they may be affected by a variety of variables and changes in underlying assumptions which could cause
actual results or trends to differ materially, including but not limited to price fluctuations, actual demand, currency fluctuations,
drilling and production results, Reserve estimations, loss of market, industry competition, environmental risks, physical risks,
legislative, fiscal and regulatory changes, economic and financial market conditions in various countries and regions, political
risks, project delay or advancement, approvals and cost estimates.
Forward-looking statements, including projections, forecasts and estimates, are provided as a general guide only and should
not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties and
other factors, many of which are outside the control of Regis Resources Ltd. Past performance is not necessarily a guide to
future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any
forward looking statements or other forecast

====================================================================

DYOR

i hold RRL
Click to expand...
I am still sitting on this grieving gold stock. Only time can tell. Will give it another year.
 
divs4ever said:
a low priority on my top up list , but at least it is still on there ( many aren't )

expect cost over-runs , it will be a feature of mining in general
Click to expand...
no wonder it went up 10% today, twiggy must have had insider information I guess. Tempted to add to my position and average down on this good news, but i think end july we will see USA announce GDP negative growth and confirm a technical recession followed by market sell down. MIght be a better time to top up in august /september period. what do you think?
 
June quarter produced some solid results for Regis Resources (ASX: RRL) and in turn meant record year of gold production. The last three months of 2021-22 saw production reach a new high of 123,900 ounces at an AISC of $1,591/oz.

Duketon, the company’s WA mine, produced 92,800 ounces of gold at an AISC of $1,706/oz, and Tropicana, 31,100 ounces of gold at an AISC of $1,157/oz.

The 2021-22 gold production hit 437,300 ounces, within guidance of 420,000-475,000 ounces, while annual AISC of $1,556/oz was slightly above guidance of $1,425-$1,500/oz.

Regis CEO Jim Beyer said the company had overcome a number of challenges throughout FY22, and to deliver gold production within guidance was a testament to the Regis team’s commitment and capability.

“With the plant modifications at Duketon complete, resource models performing to expectation and Garden Well South underground coming online, Regis is well positioned to deliver a strong FY23,” he said.
Click to expand...

“The company is in a solid financial position with two operating sites that generate strong operating cash flows and building a portfolio of potential growth options capable of delivering our target to be a 500,000oz-per-year producer. We are looking forward to continue delivering on our growth plans over the next three years.”
Click to expand...

Regis says it is looking for a small increase in production for 2022-23 at a slightly higher cost estimate. It said in the report that 2023 guidance is the range of 450,000 ounces to 500,000 ounces at an AISC of $1,525-$1,625/oz.

www.sharecafe.com.au

Another Busy Week in the Local Mining Space – ShareCafe

Even for the ever-dynamic local mining sector, the week just ended was a particularly busy one. Here's the latest from Sandfire, St. Barbara, Regis, Perseus, Galena and Aeris.
www.sharecafe.com.au www.sharecafe.com.au
 
Guiding towards $10-20m NPAT for FY22
At mid-point of $15m that's around a PE of 82 on estimated FY22 NPAT

Write down of exploration expenses on reliquished tenements but its mostly about the write down of their low grade ore stockpiles which they have been capitalising. Now worth much less due to rising costs of processing it and the assumed gold price. Wonder what their AISC per Oz would have been lately if they had been expensing the stockpiled ore instead of counting it as an asset - a now much depreciated asset.
They say the usual accounting term 'non cash' but its really cash imo. They spent money on tenements which they capitalised and now the tenements are gone and so's the cash. They spent money on mining and stockpiling ore which they were counting as a 'Net Realisable Value' (NRV) on their assets list, now that's going to earn less cash.

Held
 
Good morning,
Published this morning (24/11/22)

Improving gold fundamentals and the growth initiatives of Regis Resources bode well for the future of the gold miner, according to Chairman James Mactier. Regis's share price performance was "very disappointing", largely because of Covid-19 impacts on costs, workforce availability and logistical constraints, which made for a "very challenging operating environment", worsened by a surging diesel price and a lower gold price, which saw a "very significant downward rating of gold sector valuations."

But Regis expects production, cashflow, earnings and resources to benefit from its investments and its balance sheet is conservatively geared and hedged ounces have reduced significantly, Mr Mactier says. Recent gold buying by central banks, US dollar weakness, stabilising bond yields, continued geopolitical risk and unravelling of crypto 'currencies' are "combining to give renewed support to the gold price and gold equities."

"This, combined with our own improving performance and growth initiatives, bodes well for the future of our company," he says.

Not holding

Kind regards
rcw1
 
Good morning,
Been reported today (23/02/23) Regis Resources (RRL) posted a statutory net loss after tax of $30m compared to a $26m profit in the half year to December 2021 with costs affected by inflationary pressures. Underlying EBITDA of $197m for the first half of FY23 was down on the $221m for the previous period, with an underlying EBITDA margin of 37 down from 45 per cent in 2021.

Gold revenue increased to $536m from 227,444oz of gold sold at an average price of $2357/oz.
“Regis Resources delivered half year results with another six months of positive operating cash flow despite the significant inflationary cost pressures," managing director Jim Beyer said. "We are looking forward to improved profit and cash flows for the remainder of the financial year as the company’s substantial capital investment in both Tropicana’s Havana pit and Duketon’s Garden Well underground will deliver commercial production in the second half of FY23."

No dividend will be paid for the half year, but Regis said payment of a full-year dividend would be considered at the end of FY23 and would "factor performance in the second half along with any potential growth opportunities and prevailing conditions".


Hmmm "inflationary costs" ...
EDIT Not holding

Have a very nice day today.

kind regards
rcw1
 
rcw1 said:
Good morning,
Been reported today (23/02/23) Regis Resources (RRL) posted a statutory net loss after tax of $30m compared to a $26m profit in the half year to December 2021 with costs affected by inflationary pressures. Underlying EBITDA of $197m for the first half of FY23 was down on the $221m for the previous period, with an underlying EBITDA margin of 37 down from 45 per cent in 2021.

Gold revenue increased to $536m from 227,444oz of gold sold at an average price of $2357/oz.
“Regis Resources delivered half year results with another six months of positive operating cash flow despite the significant inflationary cost pressures," managing director Jim Beyer said. "We are looking forward to improved profit and cash flows for the remainder of the financial year as the company’s substantial capital investment in both Tropicana’s Havana pit and Duketon’s Garden Well underground will deliver commercial production in the second half of FY23."

No dividend will be paid for the half year, but Regis said payment of a full-year dividend would be considered at the end of FY23 and would "factor performance in the second half along with any potential growth opportunities and prevailing conditions".


Hmmm "inflationary costs" ...
EDIT Not holding

Have a very nice day today.

kind regards
rcw1
Click to expand...
Time to cut this dog loose..☹
 
divs4ever said:
actually i was thinking the opposite , by wondering if this will drop low enough to give a tempting top-up opportunity

say around $1.25

yes costs will continue to be an issue ( in most of the mining industry ) but this should have been a consolidation phase , normally
Click to expand...
M8, what if you have been a holder at entry price of 5 plus yrs ago n still patiently waiting for approx 5 yrs for a gd result, wld you still hold on to it?
A genuine question asking for your opinion.
 
Rabbithop said:
M8, what if you have been a holder at entry price of 5 plus yrs ago n still patiently waiting for approx 5 yrs for a gd result, wld you still hold on to it?
A genuine question asking for your opinion.
Click to expand...
bought 4 parcels between June 2021 to December 2021 , in the price slide during that period

am waiting for the currency collapses to come

cheers

i would rather be putting new cash into commodity miners than say consumer services
 
RRL anncouncement just released - About Bloody Time...
1680140396941.png


Hmmmmmm.... 24/3/23 IPConcept (Luxembourg) S.A suddenly became a Substantial Holder (5%).
The Q is - what prompted them to buy in just B4 todays 12.34pm Announcement - makes ya wonder Dunnit...
 
DrBourse said:
RRL anncouncement just released - About Bloody Time...
View attachment 155169

Hmmmmmm.... 24/3/23 IPConcept (Luxembourg) S.A suddenly became a Substantial Holder (5%).
The Q is - what prompted them to buy in just B4 todays 12.34pm Announcement - makes ya wonder Dunnit...
Click to expand...
Only my opinion...another 5 yrs dream to see SP heading the same as 10yrs ago. A Bloody lost cause.
 

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