Regis Resources Enjoying Favourable Near-Term Winds, but Is Priced for Continuous Success
We raise our fair value estimate for no-moat Regis Resources to AUD 2.50 per share from AUD 2.20 after factoring in a 50% chance of development for McPhillamys deposit in New South Wales. First-quarter fiscal 2018 production was also strong and Regis is on track to achieve the top end of fiscal 2018 guidance range of 335,000 to 365,000 ounces of gold at a cash cost of AUD 770 to AUD 840 per ounce, including royalties.Regis is in a strong financial position to develop the mine and it should be f...
Regis Resources is a gold producer. Co. and its controlled entities are engaged in the production of gold from the Duketon Gold Project; exploration, evaluation and development of gold projects in the Eastern Goldfields of Western Australia; and exploration and evaluation of the McPhillamys Gold Project in New South Wales. Co. has two reportable segments which comprise the Duketon Gold Project; being Duketon North Operations, comprising the Moolart Well Gold Mine, and Duketon South Operations, incorporating the Garden Well Gold Mine and the Rosemont Gold Mine.
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