News Articles for Regis Resources

Shares in St Barbara eased today after the company downgraded production forecasts at two of its goldmines, while fellow miner Regis Resources reported a strong quarterly result.

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Our comprehensive annual survey of chief executive remuneration shows wide variation across companies.

Cameron Adams, co-founder and chief product officer of Canva, has joined Esports Mogul as non-executive director.

Sipa Resources managing director Lynda Burnett has announced her resignation, after serving more than five years in the role, and will join the board at Regis Resources as an independent non-executive director.

Mark Clark-chaired Capricorn Metals has announced four new board and management appointments, including a new chief executive, all formerly employed at Regis Resources, which Mr Clark led for nine years.

Regis Resources has acquired 35 gold tenements from Duketon Mining for $25 million, as it seeks to extend the life of its flagship Duketon operations.

Jamie Armes has taken over from Leanne Stevens as company secretary of Chalice Gold Mines, as Ms Stevens commences parental leave.

Strong gold prices and higher production levels have helped lift revenue at gold miners Saracen Mineral Holdings and Regis Resources, with Saracen's net profit up 22 per cent to $92.5 million.

Mid-tier goldminer Saracen Minerals Holdings has reported record full-year profit of $92.5 million, up 22 per cent from the previous financial year, while Regis Resources reported a profit decrease.

Gold producers Regis Resources and Westgold both recorded small production increases for the 2019 financial year, but all-in sustaining costs are set to increase

The gold price touched an all-time high today in Australian dollar terms, sending the shares of many of the country's gold miners surging, led by Resolute Mining and Northern Star Resources.

Shareholders have welcomed Capricorn Metals' announcement it is seeking to raise up to $18.3 million via a share placement and top-up issue, and that Mark Clark and Mark Okeby, both formerly of Regis Resources, have joined the board.

The Australian dollar gold price has passed $2,000 an ounce for the first time, according to The Perth Mint, with five WA-linked goldminers putting on a combined $1.3 billion of value in today's trading.

Market research firm IBISWorld has identified five large gold mines in Western Australia set to shut down by 2025 because of low reserves, less than a month after a prominent gold mining consultancy rejected reports that Australian gold production is set to fall substantially.

Ausdrill has won contracts in Western Australia worth a combined $171 million, including for underground mining services at Regis Resources' Rosemont project.

Gold miners with Western Australian operations are providing a strong return to investors, making up 35 per cent of the top 20 performing stocks in the S&P/ASX 200 for the past three months.

Atlas Iron has appointed Spiro Pappas, Professor Ian Plimer, Tad Watroba and Stephen Wood as non-executive directors with Mr Pappas being elected as chair.

A host of WA gold miners including Evolution Mining, Saracen Mineral Holdings and Regis Resources registered strong gains today, as the broader market suffered its second worst day of the year.

Regis Resources has withdrawn its $85.3 million takeover proposal for Capricorn Metals, after the gold aspirant's largest shareholder, Hawke's Point, rejected the indicative deal.

SPECIAL REPORT: The state's gold industry is planning to invest more than $1 billion in exploration and development to sustain continued modest growth in production.

SPECIAL REPORT: WA's 30 gold miners achieved a small increase in aggregate output last year with the state's biggest producer, Newmont Mining, making up about a sixth of this at 1.1m ounces, research by Business News has found.

Former Mt Gibson Iron boss Jim Beyer will take the reins as managing director of Regis Resources next month, while director James Mactier will take over as chair, after executive chairman Mark Clark announced his resignation.

Regis Resources has approved a $29.4 million expansion at its Duketon gold project, which is expected to add 570,000 ounces over a five-year mine life.

MACA has extended a mining services contract with gold producer Regis Resources at its Duketon South operations near Laverton for the next five years.

Regis Resources, Independence Group and Ramelius Resources have all provided production updates for their respective mining operations, while Millennium Minerals says it is on track to ramp-up its gold output by the end of 2018.

CFC Group subsidiary Cape has won three new jobs worth a combined $20 million, focused on gold mining, lithium and electricity infrastructure.

Wesfarmers, Woodside Petroleum and South32 were among Australian shares that closed lower in the wake of another overnight collapse on Wall Street but local losses were relatively contained as many Asian markets tumbled steeply.

Women account for just 8.7 per cent of board positions at the top 100 Western Australian companies listed on the ASX, a report by the Committee for Perth has found.

Subiaco-based Regis Resources has delivered its highest quarterly production result since September 2014, yielding 80,090 ounces in the second quarter of 2017.

SPECIAL REPORT: Some of WA's top company directors have achieved extraordinary gains in their wealth over the past year, and while most held onto their shares, a group of 11 reaped more than $180 million from share sales.

Saracen Mineral Holdings managing director Raleigh Finlayson has told today's WA Mining Club lunch that local mid-tier gold miners had squandered a share price premium during the boom years, but had since built up a strong case to trade at above underlying value.

Northern Star Resources has announced a major board restructure that includes the recruitment of two new directors and, in an unusual move that is at odds with corporate governance guidelines, the promotion of managing director Bill Beament to executive chairman.

Regis Resources chairman Mark Clark has sold half of his stake in the Perth-based gold miner, pocketing just under $10.5 million.

Gold's rising stocks and role in the post-boom recovery will make this year's Diggers & Dealers the most promising for many years.

Gold production and cash costs have both outperformed financial year guidance for Regis Resources, with shares in the company enjoying solid gains today.

Two local gold hopefuls with interests in a Cambodian project have announced a merger, with Emerald Resources to buy Renaissance Minerals in a deal valued at about $40 million.

SPECIAL REPORT: The dramatic rise and fall of iron ore producers and the recent surge in gold and lithium stocks have been highlighted by a historic review of WA's major listed companies.

The Australian dollar gold price hit an all-time record of $1,826 an ounce today after Britain elected to leave the European Union, with shares in local gold miners rallying strongly even though the broader stock market tumbled more than 3 per cent.

London's FTSE100 index crashed more than 7 per cent in the first few minutes after markets opened around 4pm AEST, as voters in the UK elected to leave the European Union by a 52-48 margin, prompting Prime Minister David Cameron to flag his resignation.