0135 GMT - Macquarie wonders whether a combined Regis Resources and Vault Minerals could emerge as Australia's second-biggest primary listed gold producer by output. "MergeCo" has the potential to rival Evolution Mining in terms of production to be Australia's second-largest gold producer behind Northern Star, excluding America's Newmont, Macquarie says. Based on Macquarie's forecasts, Regis and Vault combined could produce about 772,000 troy ounces of gold in FY27. That compares with Evolution's expected gold output of roughly 716,000 ounces, the bank says. Macquarie notes Evolution also produces copper, volumes of which are anticipated to be around 80,000 metric tons in FY27. (rhiannon.hoyle@wsj.com; @RhiannonHoyle)

(END) Dow Jones Newswires

May 17, 2026 21:35 ET (01:35 GMT)

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