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Regis' Q2'19 gold output slightly down YOY

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Regis' Q2'19 gold output slightly down YOY

Regis Resources Ltd.'s gold output from its Duketon gold project in Western Australia reached 90,487 ounces in the second quarter of its fiscal 2019, down 1.8% from record output of 92,113 ounces in the year-ago period.

For the quarter, the Duketon Northern Operations produced 22,174 ounces of gold, 22.5% lower than 28,596 ounces of gold in the comparative period.

Meanwhile, gold output from the Duketon Southern Operations increased 7.6% year on year to 68,313 ounces of gold, from 63,517 in the previous year.

First-half gold production slipped 1.5% to 181,366 ounces, from a record production of 184,034 ounces in the year-ago period.

The company sold 114,966 ounces of gold at an average price of A$1,718/oz in the December 2018 quarter, compared to 104,408 ounces of gold sold at an average price of A$1,655/oz in the comparative period.

Regis said Jan. 23 that it expects to hit the mid-to-upper end of its annual gold production guidance of between 340,000 and 370,000 ounces and the mid-to-lower end of its annual all-in sustaining costs of between A$985/oz and A$1,055/oz.