Australian miner Regis posted its fourth consecutive production increase, delivering 75,656oz from the three mines at its Duketon operations in WA in the March qtr (Q3FY16), up from 75,544oz in Q2. Mining efficiencies included renegotiation of the Moolart Well earthmoving contract improved AISC to $A856/oz (Q2: $918/oz).
YTD production of 226,616oz keeps Regis on track for the upper end of its FY16 guidance of 275,000-305,000oz. Mining of the Gloster satellite pit is expected to start in the Sept qtr, with first gold to the Moolart Well mill in the Dec qtr.