Stock Track | Regis Resources Soars 5.08% Intraday on Tropicana JV Ore Reserve Growth

Stock Track
Feb 23

Regis Resources Ltd's stock soared 5.08% during intraday trading on Monday, driven by the company's announcement of significant resource growth at its Tropicana joint venture in Western Australia.

The company reported that net of depletion, underground ore reserves have grown by 268% since 2018 at the joint venture. As of Dec. 31, 2025, mineral resources stood at 5.4 million ounces with ore reserves of 1.9 million ounces. Regis holds a 30% share of the Tropicana JV, representing 1.6 million ounces of gold.

The updated resource estimates, which show increased measured and indicated mineral resources, have boosted investor confidence in the company's asset base and future production potential, leading to the sharp price appreciation.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10