The impact of a wall slip at the narrow base level of the Rosemont main pit at its Duketon complex, coupled with other operational challenges, have pushed West Australian miner Regis Resources to reduce FY22 group gold production guidance by 10% to 420,000-475,000oz at AISC of $A1,425-1,500/oz from its previous forecast of 460,000-515,000oz at $1,290-1,365/oz.
Regis lifted Dec qtr (Q2FY22) group production to 108,281oz at $1,530/oz, improving on the previous period’s low of 101,989oz at $1,521/oz but still below expectations. Duketon contributed 74,829oz at $1,728/oz and its 30% stake in AngloGold Ashanti’s Tropicana mine delivered 33,453oz at $1,002/oz.
FY22 production guidance is 300,000-340,000oz at $1,540-1,610/oz for Duketon and 120,000-135,000oz at $1,140-1,230/oz for Tropicana.