Regis Resources production hits 379,000 ounces

• Regis Resources reported a 12% quarter-on-quarter gold production increase to 101,500 ounces.
• The company expanded its total cash reserves and bullion on hand to $1.21 billion.
• Operations achieved the top end of full-year guidance to support balance sheet flexibility.

Regis Resources (ASX:RRL) reported a 12% quarter-on-quarter increase in gold production to 101,500 ounces for the June quarter, bringing its total full-year production to 379,000 ounces.

This full-year output placed the gold miner at the top end of its previously stated annual guidance range of 350,000 to 380,000 ounces.

Quarterly underlying cash and bullion generation reached $114 million, a dividend payout of $25 million in diesel costs.

Total cash reserves and bullion on hand rose by $1.21 billion by June 30.

The company stated that its all-in sustaining costs are tracking towards the top end of its targeted guidance range.

Following the announcement, the Regis Resources share price was unchanged at $2.10.

The business continues to focus its operations on the Duketon and Tropicana gold projects located within Western Australia.