Regis finishes 2019 with production jump

Regis Resources has finished the December quarter by producing 90,849 ounces of gold at the Duketon gold project in Western Australia.

This represents a 3216-ounce improvement from its September quarterly production of 87,633 ounces.

Cash costs before royalties during the December period reduced to $866 per ounce from September’s $914 per ounce, favourably impacted by the higher gold production and ongoing development of satellite pits.

Regis managing director Jim Beyer was pleased with the Perth-based company’s performance.

“With this solid operational performance our production guidance for the year remains unchanged, with a range of 340,000 to 370,000 ounces,” Beyer said.

“Our full year all-in sustaining costs (AISC) is expected to sit at the upper end of guidance range, after excluding the extra royalty cost impact associated with the higher prevailing gold price.”

Regis’ future at the Rosemont underground development in Western Australia’s Eastern Goldfields is also looking promising as it continues to progress, with key ventilation and escape way infrastructure construction under way.

The company is targeting first stoping trials for Rosemont in the March quarter.

With a recent discovery of high grade mineralisation intersected at Rosemont, Beyer is confident in Rosemont’s underground potential.

“An exciting story developing is the intersection of high grade mineralisation at Rosemont over 285 metres below the base of the underground mine design,” he said.

“The Rosemont underground is tracking well with first stopping trials to start late in the quarter.”

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