Regis's Duketon Operations Likely to Continue for Longer -- Market Talk

Dow Jones
2025/05/21

0041 GMT - Regis Resources may be able to keep its Duketon gold-mining operation running for longer, contends Macquarie. Regis raised its mineral resource assessment for the Duketon open pit by 979,000 oz and its Duketon underground mine by 110,000 oz. "Following the resource and reserve lift at Duketon we extend the asset life by an average of 3 years for the open pit and underground operations," Macquarie says. "This sees production improvements from FY 2029 out to FY 2032 of 100,000 oz per annum." The extension to Duketon's mine life drives a 7% rise in Macquarie's price target on Regis to A$4.60/share. Regis is up 4.6% at A$4.76/share. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

May 20, 2025 20:41 ET (00:41 GMT)

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