Highlights
- Earnings rose far faster than production would explain by itself.
- Regis also introduced a new policy that formalises how the board considers returning capital to shareholders.
- Regis is a gold producer whose operations include the Duketon gold project, which consists of several underground mines, and an interest in the Tropicana gold mine.
The central development: a record result at a high gold price
- Hedging: none.
Earnings rose far faster than production would explain by itself. That is a useful reminder that the earnings are as much a function of the market as of the company. As Regis Resources continues operating within the ASX 200, growing attention is also being directed towards ASX Gold Stocks as companies across the sector navigate changing market conditions.
For readers tracking ASX 200 today and the latest ASX news, Regis Resources remains among the names to watch.
Dividends and capital policy
Regis also introduced a new policy that formalises how the board considers returning capital to shareholders. A special dividend is, by definition, not recurring, and the board's decision on it will depend on the gold price, cash needs and project spending.
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