Strong Gold Price and Positive Production Outlook see Regis' Fair Value Estimate Lifted to AUD 1.90
Our Regis Resources fair value estimate rises 12% to AUD 1.90 per share, following a strong finish to fiscal 2016, and a buoyant production outlook for the next three years. Net profit after tax and earnings both increased by 29% over the prior period, to AUD 112 million and AUD 22 cents per share respectively, in line with our estimates. This strong performance was largely driven by the recent gold rally with the realised price up 8% on fiscal 2015 to AUD 1,600 per ounce. Cash costs including r...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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