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Can Regis Resources Better Cost Targets Again? -- Market Talk

23 Jul 2017 10:21 pm

22:21 GMT [Dow Jones]--Canaccord Genuity thinks gold producer Regis Resources (RRL.AU) will extend its record of beating annual cost guidance for a third successive year. On Friday, Regis forecast output of 335,000-365,000 troy ounces of gold at an all-in cost of A$940-A$1,010/oz in FY18. That's underpinned by higher gold grades from satellite deposits. Canaccord expects costs of A$921/oz in FY18, with production near the top end of guidance. "We have also modestly increased production assumptions for FY19 to 386,000 oz at an all-in cost of A$877/oz to incorporate production from Tooheys Well, which Regis will bring on line in 2018, with a view to contributing 90,000 oz/year to the Duketon South production profile," Canaccord says. RRL last traded at A$3.72. (david.winning@wsj.com; @dwinningWSJ)
 

(END) Dow Jones Newswires

July 23, 2017 18:21 ET (22:21 GMT)

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