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Regis Resources Reports Strong Cashflow Amid McPhillamys Setback
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Regis Resources Reports Strong Cashflow Amid McPhillamys Setback

Regis Resources Limited (AU:RRL) has released an update.

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Regis Resources Limited has reported a strong financial performance for the September quarter, with cash and bullion reserves rising by $85 million to $380 million. Despite facing setbacks at their McPhillamys Project due to a government declaration, the company maintains strong cashflows and robust operations elsewhere, including significant gold production from its Duketon and Tropicana sites. The company remains optimistic about future growth opportunities amid stable gold prices and continued operational success.

For further insights into AU:RRL stock, check out TipRanks’ Stock Analysis page.

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