Regis Resources Achieves Record Quarterly Cash and Bullion Build
RRL (RRL) Share Update January 2025 Tuesday 7th
Regis Resources Reports Record Quarterly Cash and Bullion Build
Regis Resources Limited (ASX: RRL) has reported a record quarterly build in cash and bullion, totaling $149 million for the December 2024 quarter.
Instant Summary:
- Total gold production for December 2024 quarter: 101.3koz.
- Record cash and bullion build of $149 million.
- Total cash and bullion balance reaches $529 million.
- Fourth consecutive quarter of strong cash generation.
- Full results to be released on 23 January 2025.
Quarterly Performance
Regis Resources Limited has announced a significant milestone in its financial performance, achieving a record build in cash and bullion of $149 million for the December 2024 quarter. This impressive result brings the company's total cash and bullion balance to $529 million.
The company reported total group gold production of 101.3koz for the quarter, with the Duketon operations contributing 58.3koz and the Tropicana operations adding 43.0koz. This performance is in line with the company's expectations and guidance for the fiscal year 2025.
Operational Highlights
Regis Resources' strong operational performance is attributed to unhedged gold spot prices, which have supported the company's cash generation for four consecutive quarters. The company plans to release its full December quarterly results on 23 January 2025, providing further insights into its operational and financial performance, including its All-In Sustaining Costs (AISC).
Investors and analysts are invited to join the company's Quarterly Results conference call on the same day at 11:00am AEDT, accessible via a webcast link provided by the company.
The record cash and bullion build is a positive indicator of Regis Resources' financial health and operational efficiency. This achievement, coupled with strong gold production figures, is likely to boost investor confidence and potentially lead to an appreciation in the company's stock price. The unhedged position in gold spot prices has clearly benefited the company, and continued strong performance could further enhance its market standing.
Investor Reaction:
Analysts are likely to view this announcement favorably, given the record cash and bullion build. The consistent cash generation over consecutive quarters may lead to positive sentiment among investors, who could see this as a sign of the company's robust financial management and strategic positioning in the gold market.
Conclusion:
Investors should keep an eye on the full quarterly results release on 23 January 2025 for a comprehensive understanding of Regis Resources' performance. The company's strategic decisions and continued focus on operational excellence will be crucial in maintaining its momentum and investor confidence.