Regis Resources Ltd (ASX: $RRL) Production Update

Regis Resources Limited (ASX: $RRL) has provided a production update, citing the impact of heavy rains on its operations at Duketon and Tropicana. The company anticipates its Group March quarterly gold production to be in the range of 90,000 to 95,000 ounces due to the recent substantial rainfall events. While Tropicana is expected to challenge the lower end of its annual guidance range, the group's FY24 production guidance remains unchanged. The company's preliminary production commentary indicates that the recent heavy rains have led to temporary closures, restricted mining operations, and potential suspension of processing at the affected sites.

Executive Commentary on Production Challenges

The recent heavy rains have presented operational challenges at our Duketon and Tropicana sites. While Duketon has continued to perform with limited production loss, Tropicana has faced disruptions to mining operations and power supply. The team on site has done an excellent job managing safety issues, and we are currently treating stockpiles and underground feed at the process plant. The ongoing impacts are being assessed, and we are committed to maintaining our production guidance for FY24 despite these challenges.

Summary of Production Update and FY24 Guidance

Regis Resources Ltd (ASX: $RRL) has experienced production challenges at its Duketon and Tropicana sites due to heavy rains, impacting mining operations and potentially leading to the suspension of processing. The Group March quarterly gold production is anticipated to be in the range of 90,000 to 95,000 ounces. While Tropicana is expected to challenge the lower end of its annual guidance range, the group's FY24 production guidance remains unchanged. The company has maintained its FY24 group production and all-in sustaining cost guidance, emphasizing its commitment to overcoming the operational difficulties. Regis Resources Ltd continues to assess the ongoing impacts and remains focused on achieving its production targets despite the weather-related challenges.