Regis Resources' September 2024 Quarter Update

Regis Resources Limited (ASX:RRL) has reported a total group production of 94.5 thousand ounces (koz) for the September 2024 quarter. The cash and bullion balance stood at $380 million as of 30 September 2024, reflecting an increase of $85 million from the previous quarter.

Executive Commentary

This solid operational performance across the business, combined with the favorable gold spot prices, has resulted in a third consecutive quarter of significant cash build. The cash and bullion balance of $380 million at the end of the September quarter marks an $85 million increase from the prior quarter. The total cash and bullion increase over the three quarters since closing the legacy hedge book is $225 million.

Summary of September 2024 Quarter Update

Regis Resources' solid operational performance led to a total group production of 94.5koz for the September 2024 quarter. The cash and bullion balance increased to $380 million, reflecting an $85 million build from the prior quarter. The company will provide further commentary on its operational and financial performance with the release of the full September quarterly results on Thursday 24 October 2024. Regis will also host its Quarterly Results conference call on the same day. The company's consistent operational performance and the increase in cash and bullion balance demonstrate its resilience and ability to capitalize on favorable market conditions. Investors await the full quarterly results for a comprehensive understanding of Regis Resources' performance and future outlook.