Regis Resources Limited (ASX: RRL) Q4 gold production is at 92,008 ounces, up by 8% on Q3; while FY18 production is 361,373 oz which is at the top end of guidance. Throughput, grade & recovery all in line or up on Q3. Q4 stripping ratio has been up from 4.6 to 7.0, and pre-strip of high grade Tooheys Well pit is continuing with Dogbolter and Anchor already commenced, with waste mining at Moolart Well for TSF lifting materials. Q4 cash costs is at $760/oz & AISC is at $982/oz, and AISC stands 8% higher than Q3 due to higher waste volumes, primarily for pre-strips on new pits. The FY18 AISC of $901/oz is below the bottom of guidance range.
Other highlights included record quarterly operating cash flow with Q4 operating cash flow at $85.3m, and continued strong operating cash flow underpinning cash build and dividends. Regis is currently trading at a market price of $4.465 and has seen a daily price change of -$0.535 or a percentage change of -10.7% as at July 31, 2018. Over the past 12 months, the stock has seen a performance change of 30.55%.
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6 Cannabis Stocks under Investor’s Limelight…
Cannabis companies that sell both medicinal weed and recreational pot. Marijuana stocks to look at. Marijuana mergers and acquisitions. Dispensary data analytics. Upcoming marijuana IPO’s Those phrases have become increasingly common as marijuana legalization spreads.
Global spending on legal cannabis is expected to grow 230% to $32 billion in 2020 as compared to $9.5 in 2017, according to Arcview Market Research and BDS Analytics. As of June 29, 2018 the United States Marijuana Index, despite a lot of uncertainty around regulations, has over the past 1 year gained 71.49%, as compared to about 12% gain seen by the S&P 500.
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