The introduction of higher grade satellite Duketon Gold Project ore feed in Western Australia has helped Regis Resources lift June 2017 year (FY17) production 6% on the previous year to a record 324,353oz.
The result lifted the company’s profit after tax 24% to $A138.2M, largely the result of a 6% increase in the delivered gold price to $1,691oz.
Gold sales up 4% to 319,407oz pushed revenue up 8% to $542.2M, albeit with cash costs, incl royalty, up to $864oz from $845oz and ASIC to $945oz from $927oz for an EBITDA increased from FY16’s $234.4M to $253.3M.
Regis finished FY17 with cash/gold bullion of $151.7M from FY16’s $123.3M and a dividend of 15cps.