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Regis Resources Reports 27% Drop in Annual Profit

Dow Jones Newswires ·  Aug 30, 2021 18:32

*DJ Regis Resources FY21 Net Profit A$146.2M, Down 27% On-Year

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August 30, 2021 18:07 ET (22:07 GMT)

*DJ Regis Resources to Pay Final Dividend of 3 Australian Cents/Share

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August 30, 2021 18:08 ET (22:08 GMT)

*DJ Regis Resources FY21 Revenue A$819.2M, Up 8% On-Year

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August 30, 2021 18:08 ET (22:08 GMT)

*DJ Regis Resources FY21 Ebitda A$403M; Ebida Margin 49%

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August 30, 2021 18:09 ET (22:09 GMT)

*DJ Regis Resources Net Debt A$31.3 Million at FY-End

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August 30, 2021 18:09 ET (22:09 GMT)

*DJ Regis Resources Sees FY22 Gold Output at 460,000-515,000 Oz

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August 30, 2021 18:10 ET (22:10 GMT)

*DJ Regis Resources Sees FY22 ASIC at A$1,290-A$1,365/Oz

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August 30, 2021 18:11 ET (22:11 GMT)

*DJ Regis Resources Sees FY22 Growth Capital A$155M-A$165M

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August 30, 2021 18:11 ET (22:11 GMT)

DJ Regis Resources Reports 27% Drop in Annual Profit

By Rhiannon Hoyle

SYDNEY--Australian miner Regis Resources Ltd. said annual net profit fell by 27% on increased depreciation and amortization charges and as higher revenue from gold sales was offset by increased mining costs.

The company on Tuesday said net profit for the year ended June 30 fell to 146.2 million Australian dollars ($106.7 million) from A$199.5 million in the previous year.

Directors of the company declared a final dividend of 3 Australian cents, taking its full-year payout to 7 Australian cents.

Regis said full-year revenue was 8.0% higher, at A$819.2 million.

However it also recorded a roughly 75% increase in depreciation and amortization charges.

That was largely "a result of an increase in the underlying mine properties assets, the Rosemont Underground operations being in commercial production for the full year and the addition of assets associated with the Tropicana Gold Project," it said.

Write to Rhiannon Hoyle at rhiannon.hoyle@wsj.com

(END) Dow Jones Newswires

August 30, 2021 18:26 ET (22:26 GMT)

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