AUS
NZ
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Highlights
- Regis Resources focuses on the exploration, development, and production of gold
- In 1HFY24, RRL’s sales revenue increased by 2.6% YoY to AUD 550 million
- Van Eck Associates Corporation has maximum stake in the firm with a shareholding of nearly 9.11%
Regis Resources Limited (ASX:RRL) is an Australian-based gold production, exploration and development company. It operates in three segments: Duketon North (DNO), Duketon South (DSO), and Tropicana.
In first half of the financial year 204 (1HFY24), the company recorded 2.6% YoY rise in sales revenue to AUD 550 million. Statutory net loss of AUD 92 million was recorded in 1HFY24, including hedge delivery costs of AUD 81 million and final hedge book close-out costs of AUD 98 million.
During the reported period, Tropicana’s Havana Cutback and Duketon’s Garden Well South Underground projects moved into commercial production.
Top 10 shareholders of RRL
The top ten shareholders of RRL have ~43.14% of the shareholding, while top four have around 25.21% of the shareholding. Van Eck Associates Corporation has maximum stake in the firm with a shareholding of ~9.11%.
Recent business update
On 25 July 2024, the company released June quarterly report. During the three months period, gold production stood at 106.4koz at an AISC of AUD 2,247/oz. The quarter recorded gold sales of 114.5koz at average realised price of AUD 3,528/oz, generating AUD 404 million. At the end of quarter, cash and bullion reached AUD 295 million.
Outlook
In FY25, the company expects gold production of 350koz – 380koz with AISC of AUD 2,440 – 2,740oz. During the reported period, expenditures are expected to include AUD 50-60 million for exploration, AUD 110-125 million for growth capital and AUD 15-20 million for McPhillamys.
Share performance of RRL
RRL shares closed 3.56% lower at AUD 1.625 apiece on 30 July 2024. In the last one year, RRL’s share price has dropped by almost 2.99%, while in the last three months, it has declined by nearly 26.80%.
52-week of RRL is AUD 2.33, recorded on 19 April 2024 and 52-week low is AUD 1.44, recorded on 4 October 2023.
RRL Daily Technical Chart, Source: EODHD/Others
Note 1: Past performance is neither an Indicator nor a guarantee of future performance.
Note 2: The reference date for all price data, and currency, is 30 July 2024. The reference data in this report has been partly sourced from EODHD/Others.
Disclaimer
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