Goldminer Regis Resources has narrowed its production target and has lifted its cost estimate for the 2024 financial year after releasing its quarterly results.
Gold producer Regis Resources has only just hit its production target for the 2023 financial year after achieving an annual record from its eastern Goldfields assets.
While many gold producers are delighted to churn out 100,000 ounces a year, five leading companies wouldn't get out of bed for that. Take a look which WA company stands head and shoulders above them all.
Multi-commodity explorer Meeka Metals continues to rack up high-grade gold hits at its Circle Valley project near the WA town of Esperance, where it expects to soon deliver a maiden rare earths mineral resource. The intriguing intercepts appear to be evolving into a significant gold footprint covering several kilometres at its underexplored tenure. The head grade came in a 4m core showing 3.89 g/t.
Perth-based industrial piping disruptor Polyline Pipe Systems believes its innovative method of producing “HDPE” poly pipes on site can help resources companies ease the current scourge of runaway prices bedevilling their sector. Polyline says its MPX630 mobile pipe extruder can reduce the conventional process to just three steps: on-site manufacture, a single weld at the end of a continuous pipe length and trench or surface installation as required.
The Association of Mining and Exploration Companies council has elected Regis Resources chief executive Jim Beyer as its new president, following the unexpected death of Peter Bradford.
Gold output in Australia has fallen 9 per cent from its June quarter high, with some of the biggest operators reporting a drop in production, new data has shown.
Shares in Subiaco-based gold producer Regis Resources closed the day up 10 per cent after reporting solid gold production for the month and financial year, despite costs ringing in at the higher end.
Gold developer Brightstar Resources has a rig in the wings for a 10,000m reverse circulation drilling program at its Cork Tree Well project in WA's highly prospective Laverton gold belt. The company says the planned work is designed to significantly grow its resource in addition to hitting a new target that has historically recorded a 2m hit going 27.87 g/t gold.
Goldminer Regis Resources has said it won't declare an interim dividend for the 2022 financial year after its first-half profit fell almost 70 per cent.
Junior gold explorer Great Southern Mining says a two-hole probe of its Southern Star deposit has confirmed a significant mineralised system. The deposit forms part of the Duketon gold project about 45 kilometres north of Laverton in WA. The company says both diamond holes intersected a mineralised quartz dolerite unit and gold-bearing assemblages that could be part of a larger system.
A potential takeover between IGO and Western Areas could still be on the table after the companies offered the market their first update in weeks that due discussions were continuing.
The sale of IGO's 30 per cent stake in the Tropicana gold mine appears close to being completed, with Regis Resources tipped as the successful bidder after Gold Road Resources said its offer had not been accepted.
Goldminer Regis Resources has reported a 9 per cent drop in first-half net profit despite recording higher revenue, while halving its interim dividend.
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Regis Resources has boosted its gold portfolio in Western Australia after securing tenements from fellow Perth-based explorer Stone Resources Australia.
Nearly 50 drilling projects will be funded through the state government's Exploration Incentive Scheme, with winners including big businesses such as AngloGold Ashanti Australia and Rio Tinto.
In an initiative led by the Chamber of Minerals and Energy of WA, the Western Australian resources sector has pledged $6.6 million to Royal Flying Doctor Service Western Operations, Foodbank WA and Lifeline WA.
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Saracen Mineral Holdings has reported strong growth in its interim profits, helped by increased production and the recent acquisition of its stake in the Kalgoorlie Super Pit. Fellow gold miner Regis Resources and mining technology company Imdex have also reported positive first-half results.
