Highlights:
- Regis Resources’ shares ended trading 12.500% strong on the Australian Stock Exchange (ASX) today.
- Recently, Regis shared its September quarter results, reporting AU$76 million in operating income
- Recently, Regis also paid a fully franked final dividend of 2 Australian cents per share to its eligible shareholders.
Shares of gold explorer and miner Regis Resources Limited (ASX:RRL) closed trading significantly higher on the Australian Stock Exchange (ASX) today. The company’s share price appreciated by 12.500% on the ASX to AU$1.777 per share today.
The share price of Regis Resources has declined by 13.18% on the ASX in the previous 12 months. Moreover, on a YTD basis, the company’s share price has fallen over 8% on the ASX (as of 4:10 PM AEDT today).
Recent updates from Regis Resources:
Regis’ September 2022 quarterly results:
- Regis Resources recently came up with its quarterly activity report for the September quarter ended 30 September 2022. In its quarterly report, the company mentioned the following:
- A total of 106.1 Koz gold sales were reported by Regis for a total of AU$243 million at an average realised price of AU$2,294/oz in the September 2022 quarter.
- The company generated total operating cash of AU$76 million during the given period.
- Regis’ cash and bullion stood at AU$157 million on 30 September 2022.
During the September 2022 quarter, Regis made the following investments:
- AU$68 million in capital expenditure.
- AU$16 million in the McPhillamys exploration project.
- AU$39 million for paying one-off costs for stamp duty related to the Tropicana acquisition
- AU$$21 million investment for acquiring a rural property in New South Wales.
Dividend distribution:
Based on earnings from the September 2022 quarter, the board of Regis Resources paid a fully franked final dividend of 2 Australian cents per share to its eligible shareholders on 28 October 2022.