Leadership changes, News, Regis Resources

Regis employs new COO

Regis Resources has appointed Michael Holmes to the role of chief operating officer (COO), following the resignation of Stuart Gula.

Holmes brings with him over 30 years experience working in the mining sectors of Australia, New Zealand, the Philippines and South America.

From 2012–2021, he held the position of COO, then president and chief executive officer (CEO), of OceanaGold. While there, he was involved in growing the business to four global operations.

Most recently, Holmes held the position of CEO of Australian Mines. He will begin his role at Regis on November 1, 2023.

Gula will be leaving the role after joining Regis in December 2019. According to Regis, he played a vital role in leading the company through the COVID-19 pandemic.

“I would like to thank Stuart for his hard work, dedication and commitment, and wish him well in his future endeavours,” Regis CEO and managing director Jim Beyer said.

“I also welcome Michael to the Regis team and look forward to his contribution to our growth plans.”

Holmes joins the company in a growth period, with Regis recently set an annual production record of 458,354 ounces (oz) for the 2023 financial year.

Notably, the Duketon gold project produced 327.3 thousand ounces (koz) and the Tropicana joint venture produced 131.1koz of gold.

“Most notably, the June quarter saw our operations drive a cash and bullion build of $39 million,” Beyer said.

“With commercial production declared at both Garden Well underground (Duketon) and Havana open pit (Tropicana), we have commenced the journey from investment phase to having two cash generating pillars that can be used to help fund our growth project, McPhillamys once approved.”

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