https://www.engineeringnews.co.za

Regis Q2 output rises 7%, on track to meet FY guidance

16th January 2017

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – Gold miner Regis Resources has reported its highest quarterly production in the three months to December since 2014.

Gold production during the quarter reached 80 090 oz, which was at the upper end of the yearly guidance range, the miner said on Monday. Production was 7% higher than the first quarter’s production as grades improved at the Garden Well and Rosemont mines, in Western Australia, and first ore was processed from the Gloster deposit, also in Western Australia.

Gold production in the first half of the financial year reached 154 702 oz, placing Regis on track to exceed its 2016 production, and to achieve its guided output of between 300 000 oz and 330 000 oz for the 2017 financial year.

Meanwhile, Regis on Monday reported that it had sold 71 092 oz of gold during the three months under review, at an average price of A$1 719/oz, with cash and bullion increasing to A$129.7-million at the end of the second quarter.

Pre-royalty cash costs for the quarter reached A$804/oz while all-in sustaining costs were A$951/oz, both of which were below the lower end of the guidance for 2017.

Edited by Mariaan Webb
Creamer Media Senior Deputy Editor Online

Comments

Showroom

GreaseMax
GreaseMax

GreaseMax is a chemically operated automatic lubricator.

VISIT SHOWROOM 
SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.207 0.262s - 156pq - 2rq
Subscribe Now