Regis Resources (RRL) Conference Transcript

Summary of Regis Resources (RRL) Conference Call - July 23, 2025 Company Overview - Regis Resources is a gold production company based in Western Australia, operating the Duketon business which includes three mills and various underground and open pit mines [3][4] - The company owns 100% of Duketon and 30% of the Tropicana asset, which is operated by AngloGold Ashanti [4] Production and Financial Performance - Guidance for gold production in FY 2025 is between 220,000 to 240,000 ounces, with all-in sustaining costs estimated at $2,790 to just over $3,200 per ounce [3] - The company generated $522 million in cash during the last financial year, increasing its cash and bullion position from net neutral to $570 million [8] - Debt was reduced by $300 million, demonstrating strong cash flow management [8] Future Production Strategy - Duketon is expected to maintain production of 200,000 to 250,000 ounces per annum at least until FY 2028, with potential to extend this to FY 2029 [9][10] - Plans to develop a fourth underground mine to sustain production levels, with ongoing exploration for additional resources beneath existing open pits [10][19] - The company is optimistic about finding new deposits, aiming for another significant discovery similar to the Garden Well [10][20] Asset Overview - Tropicana is projected to produce 130,000 to 145,000 ounces annually until FY 2028, with a focus on underground mining to offset declining open pit production [11][21] - The Macphillamys Gold Mine, currently facing regulatory challenges, has significant potential with an estimated 1.9 million ounces of reserves and a favorable cost structure [5][23][24] Exploration and Growth Potential - The company is actively exploring for new open pits and underground resources, with a focus on areas that have shown promising geological characteristics [19][22] - Historical data indicates that underground mines in the region often exceed initial reserve estimates, providing a positive outlook for future production [14][15] Financial Outlook and Shareholder Returns - The company aims to maintain a strong balance sheet and has a history of paying dividends, with over half a billion dollars distributed to shareholders in the past [27] - Future dividend payments are under consideration, contingent on gold prices and cash generation capabilities [28] Conclusion - Regis Resources is well-positioned to capitalize on current gold market conditions, with a robust production strategy, strong financial performance, and ongoing exploration efforts [29] - The management team is committed to delivering shareholder value while navigating regulatory challenges and optimizing production from existing assets [27][28]