The following is a summary of the Regis Resources Limited (RGRNF) Q3 2024 Earnings Call Transcript:

Financial Performance:

• Regis Resources produced 90,600 ounces at an all-in sustaining cost of $2,735 an ounce in Q3 2024, impacted by significant weather events.

• The company reported Q3 revenue of approximately $31 million, aided by an increase in gold prices by nearly AUD 400 an ounce from January to March.

• The firm aims to fit within its FY '24 production cost and guidance ranges, despite weather challenges.

• Regis Resources is currently reviewing their debt facility due mid-next year, considering options of rolling it or early repayments, especially as cash reserves rise.

Business Progress:

• Despite weather-related disruptions and a downturn in mining rates, Regis Resources was able to maintain its expected production output, which they project to normalize in upcoming quarters.

• The company declared commercial production at two new pits, and is completing the evaluation of two possible underground organic production growth projects.

• Updates were given to cost assumptions and scope for the McPhillamys open pit gold project.

• Several growth areas are being assessed, including the Tropicana's underground reserves, Duketon's underground target, and two organic growth projects at Duketon.

• There are discussions on if M&A would be more beneficial in the current environment instead of the McPhillamys project, given its increased CapEx.

• Exploration focus will shift towards DSO and Tropicana due to pending approvals at McPhillamys.

• Regis Resources is actively evaluating capital expenditure optimization to avoid cost blowouts during construction.

More details: REGIS RESOURCES LTD IR

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