The following is a summary of the Regis Resources Limited. (RGRNF) Q2 2024 Earnings Call Transcript:
Financial Performance:
Regis Resources reported Q2 gold production at their Duketon site was 70,413 ounces at an all-in sustaining cost of AUD 2,276 per ounce, including AUD 140 per ounce of non-cash inventory adjustments.
The share of the Tropicana Gold production was 38,794 ounces at an all-in sustaining cost of AUD 1,795.
Gold production at Duketon North was 9,651 ounces, and Duketon South was 60,763 ounces at costs of AUD 2,441 and AUD 2,250 per ounce, respectively.
Sales revenue for the quarter was AUD 279 million, creating operating cash flows of AUD 97 million and increasing cash and bullion to AUD 155 million.
The company extended the maturity date of the existing AUD 300 million loan facility from 31 May 2024 to 30 June 2025.
Business Progress:
The biannual exploration report points towards potential for resource and reserve growth.
Their 9 megawatt solar farm at Duketon South has helped reduce power costs and carbon emissions, with a more significant 62 megawatt wind solar battery being installed at Tropicana, to be completed in 2025.
Exploration drilling at Garden Well and Rosemont confirms potential for mineralization extensions, signalling potential resource addition in future.
Mining will continue at certain areas in Duketon and cease at the end of FY24, while post FY24, Duketon North will go on care and maintenance.
The production from Tropicana is expected to improve, with plans underway to further address issues related to underground development.
More detailed: REGIS RESOURCES LTD IR
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