Regis Resources 1H19’s Profit Down on Higher Costs, AUD 3.20 per Share FVE Maintained
No-moat Regis Resources’ first-half fiscal 2019 net profit aftertax of AUD 80 million, 6% down from AUD 85 million a year ago. The half sees Regis tracking slightly below our unchanged full-year AUD 168 million forecast. However, we expect production and the Australian dollar gold price in the second half to be slightly higher. Gold sales revenue increased 6% to AUD 316 million versus the first half of 2018. Sales volumes rose 1.3% to 186,300 ounces with the average price 3.4% higher at AUD 1,69...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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