Regis Resources announced the quarterly activities report

Regis Resources Limited (ASX: RRL) announced its quarterly activities report as follows:

• During the December quarter, the company has produced a total of 117.3koz of gold at an AISC of AU$1,760/oz.
• The company expects that gold production will increase and strip ratios will decrease at Duketon North in the second half of FY23.
• For FY23, it expects its gold production to be in the range of 450-500koz at an AISC of $1,525-$1,625/oz.
• At the quarter's end, cash and bullion were AU$151 million after investing AU$77 Million in capital expenditure, AU$17 Million for exploration and McPhillamys, receiving proceeds of AU$20 Million for a rural property sale in NSW, and paying AU$15 Million in fully-franked dividends.
• In the December quarter, the McPhillamys Gold Project achieved a major approvals milestone, with the New South Wales Department of Planning and Environment referring the project to the Independent Planning Commission of NSW for final determination.

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