High gold prices cushion Regis’ financials
WA Gold miner Regis Resources (ASX:RRL) has joined what could be a growing trend – a weakness in output in the three months to September mitigated by record high prices for the metal.
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Environmental ruling forces Regis to abandon project
Gold producer Regis Resources (ASX:RRL) has announced a full-year loss, driven by previously disclosed hedging costs, losses, and recent impairments to its under-development McPhillamys project in central western NSW.
Read MoreRegis Resources’ McPhillamys Project confirmed as long-life
Another gold mine in central western NSW is on the horizon, with the definitive feasibility study at Regis Resources’ (ASX:RRL) McPhillamys gold project confirming the project as a long-life, low-cost open cut operation.
Read MoreRegis Resources plans to expand gold output
Regis Resources (ASX:RRL) announces it will invest upwards of $120 million to expand gold output, establishing two new underground mines in Western Australia.
Read MoreRegis Resources’ company-defining gold project
On the face of it, this week’s announcement from Regis Resources (ASX:RRL) that it is cranking up its long-talked-about McPhillamys gold project in central western New South Wales (around Orange and Blaney) should be bullish.
Read MoreRainfall affects Regis Resources, Capricorn Metals, and Gold Road
Regis Resources (ASX:RRL), along with Capricorn Metals and Gold Road, has revealed setbacks to planned production due to last week’s record rainfall in parts of the WA Goldfields. Capricorn Metals (ASX:CMM) reported that its Karlawinda gold project in the Pilbara experienced a second rain event in three months, forcing the mine to process lower-grade stockpiled ore. Similarly, Gold Road (ASX:GOR) disclosed that its 50% owned Gruyere mine faced curtailed work in the open pit for a week or more, affecting production for the March quarter but maintaining guidance for the June 30 year, albeit at the lower end of the forecast range.
Read MoreRegis Gives Back Recent Gains on WA Weakness
A very different story yesterday from recent bullish talk for Regis with a weak performance in its WA mining operations forcing the company to downgrade its production forecasts.
Read MoreRegis Almost Ready to Roll with McPhillamys
Regis Resources is one step closer to getting its McPhillamys gold project in NSW off the ground after receiving final approval from the NSW Independent Planning Commission.
Read MoreAnother Busy Week in the Local Mining Space
Even for the ever-dynamic local mining sector, the week just ended was a particularly busy one. Here’s the latest from Sandfire, St. Barbara, Regis, Perseus, Galena and Aeris.
Read MoreGold Sector Nuggets: RRL, RED, WGX
Ongoing cost pressures were not far away from the surface in the early June 30 reports on Tuesday from gold miners Regis Resources, Red 5 and WestGold Resources.
Read MoreCost Concerns for Regis as La Nina Holds Sway
Regis Resources revealed a story that will become more familiar from the resources sector in coming months as La Nina’s wet weather impacts mining and exploration efforts.
Read MoreRRL – Credit Suisse rates the stock as Outperform
Outperform rating is maintained. Credit Suisse reduces the target to $3.60 from $4.00 after running new gold price forecasts and revising financing costs.
Read MoreHectic Year for IGO Looks to Have Been Worth It
IGO Limited has more than tripled post-tax profit thanks to the sale of its 30% stake in the Tropicana gold mine to Regis Resources, just one deal in an eventful year for the company.
Read MoreRRL – Morgans rates the stock as Add
The Add rating is maintained and the target is decreased to $4.08 from $4.44.
Read MoreRRL – Morgans rates the stock as Add
The Add rating is unchanged and the target price falls to $4.01 from $4.44.
Read MoreRRL – Credit Suisse rates the stock as Outperform
Outperform retained. Target is reduced to $4.40 from $5.05.
Read MoreRRL – Credit Suisse rates the stock as Upgrade to Outperform from Neutral
Credit Suisse is increasing its 2021 gold price forecasts to US$2500/oz and 2022 to US$2200/oz, amid a number of supportive macroeconomic factors.
Read MoreRRL – Morgans rates the stock as Downgrade to Hold from Add
Regis Resources reported strong production to finish the financial year and achieve gold production at the midpoint of the company’s annual guidance, according to Morgans.
Read MoreRegis Resources – ShareCafe Gold Miners Leading The Way Webinar Presentation
Jim Beyer MD & CEO of Regis Resources presents at the ShareCafe Mid-Cap Gold Miners Leading The Way Webinar on July 3, 2020. Regis Resources is a publicly listed Perth based gold production and exploration company with a proven management team that has a successful track record of developing mid-sized gold operations within Australia and Africa.
Read MoreMaterial Matters: Indonesia, Australia & Zinc
A glance through the latest expert views and predictions about commodities. Indonesia; Australia; and zinc.
Read MoreRRL – Credit Suisse rates the stock as Upgrade to Outperform from Neutral
Credit Suisse increases estimates for earnings per share by 7% and 27% in FY20 and FY21 respectively, implementing higher gold and lower FX estimates.
Read MoreGold Stocks A Beacon In The Dark
Gold equities have suffered from the liquidity-driven global sell-off over recent weeks but several brokers suggest the outlook is much brighter, as flight-to-safety concerns take over.
Read MoreRRL – Credit Suisse rates the stock as Upgrade to Neutral from Underperform
Credit Suisse notes the revised definitive feasibility study for McPhillamys is due in the first half of FY20 and may reveal improved economics on incorporating the higher-grade satellite, Discovery Ridge.
Read MoreMaterial Matters: Coal, Oil & Diamonds
A glance through the latest expert views and predictions about commodities. Coal; oil; alumina; iron ore; gold; and diamonds.
Read MoreGold Really Is Shining – My Forecasts Raised
I know this is the fifth time I am writing about gold but with the precious metal surging to fresh new multi-year highs I need to stress to readers the enormous opportunity that is being presented to investors.
Read MoreLower A$, Good Weather Boosts Regis
There is nothing like a sharp fall in the value of the Aussie dollar and some good weather to improve the colour of a mine’s profit and loss account. And so it was yesterday with gold miner Regis Resources (RRL).
Regis Racks Up $280 Million In Writedowns
A fairly dramatic day yesterday on market for shares in Perth-based gold miner Regis Resources (RRL) after the company revealed asset impairments that could be as much as $280 million.
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