The following is a summary of the Regis Resources Limited (RGRNF) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Regis Resources produced 221,000 ounces of gold at an all-in sustaining cost of AUD2,119 an ounce in H2 2024.

• The company closed out their hedge book in December, expecting to improve profitability and cash flow at current gold price levels.

• Statutory cash flows from operations were AUD126 million, with underlying EBITDA of AUD167 million.

• Despite an increase in the cash and bullion balance by AUD90 million in the half-year, it was impacted by hedge deliveries and hedge book buyout costs, totaling AUD179 million, leading to a period end balance of AUD155 million.

• The underlying business had a pre-tax profit of AUD47 million, but due to various factors, the net loss after tax totaled AUD92 million.

Business Progress:

• The company made progress on the Garden Well South Underground mine and the Havana open pit cutback.

• The company is targeting a production capacity of 500,000 ounces per year through the steady state of Duketon and Tropicana, and the McPhillamys project.

• Two potential underground projects at Rosemont Stage 3 and Garden Well Main are in the final evaluation stages.

• The company is awaiting a final investment decision on the McPhillamys project.

• The company closed their hedge book and are now fully exposed to the upside potential of the gold price.

• The company is on track to meet its full-year guidance with investments in mine development, exploration, the McPhillamys project, and other plant and equipment.

• Improved cash generation is expected in the future, with a potential AUD20 million tax refund in the second half of the financial year.

More details: REGIS RESOURCES LTD IR

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