Regis Resources (AX:RRL) has achieved a 20% increase in total Group gold production for the June quarter 2022 to a quarterly record of 123.9koz.
Duketon gold production increased 24% to 92.8koz (MarQ 74.8koz) and Tropicana gold production increased 10% to 31.1koz (MarQ 28.3koz).
The overall annual gold production of 437koz is consistent with FY22 production guidance of 420koz-475koz and is an increase of 17% on FY21 annual production.
General industry inflationary pressures have continued across our operations and preliminary indications point to a full year AISC slightly above the top end of FY22 cost guidance ($1,425- $1,500/oz).
Confirmation of the final outcome will be provided in the June Quarter Report released later this month. The improved production performance over the June quarter delivered an increase in the cash and bullion balance of $60M to $227M at 30 June 2022 (31 March 2022 $167M). This increase includes a $17.9M tax refund during the quarter.
We are very pleased to deliver a record quarter of gold production for the June 2022 quarter. We have seen reliable delivery on our improvement plans that were developed and implemented to address the operational challenges we experienced in the first half of the year,” Managing Director, Jim Beyer, said.
“This has seen the company deliver an improved performance despite the challenging external conditions. The result is a record production performance for the quarter and overall annual gold production that sits comfortably within FY22 production guidance.
“The company is now well set for increased annual gold production into FY23. We look forward to releasing the full June Quarter Report along with company guidance later in the month.”
