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Regis Resources

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Regis Resources
ASX: RRL
IndustryGold mines
Founded12 May 1986
Headquarters
Subiaco, Western Australia
,
Australia
Key people
ProductsGold
Production output
372,870 ounces (2020–21)[1]
Revenue
  • Increase A$819,162,000 (2020–21)
  • A$756,657,000 (2019–20)
[1]
Websiteregisresources.com.au

Regis Resources is an Australian-based, Australian Securities Exchange-listed (ASX) gold producer and explorer based in Subiaco, Western Australia.

The company's main assets are the fully-owned Duketon Gold Project and a 30 percent share in the Tropicana Gold Mine, both located in Western Australia.

From 1987 to 2004, Australian businessman and mining industry entrepreneur Joseph Gutnick served as a director of the company, at times also filling the role of chairman and managing director.

History

Gold mines in the Mid West region, with the Duketon Gold Project operations shown on the far right of the map

The company was established on 12 May 1986 as Johnson’s Well Mining NL and listed on the Australian Securities Exchange on 19 February 1987.[2][3] Australian businessman and mining industry entrepreneur Joseph Gutnick served as a director of the company from 1987, later taking on the role of managing director and chairman, which he held until August 2004, when he resigned from all board positions.[4][5] As part of this leadership change, Gutnick also relinquished some of the company's depth as well as reducing his stake in the company from 65 percent to below 20.[6]

The company initially focused on gold exploration in the Yalgoo area of Western Australia before shifting its attention to the area around Duketon after an acquisition of tenements there in 1994. The Duketon area, also historically mined, was considered underexplored.[2]

On 31 August 2004, Johnson’s Well Mining NL was renamed to Regis Resources NL, which the latter eventually changing to Regis Resources Limited on 23 January 2008.[3]

In mid-2005, in order to further the Moolart Well development, Newmont took up a 47 percent interest in Regis, replacing Joseph Gutnick as the main shareholder in the company, whose share went from 42 to 20 percent.[7] Newmont eventually sold the final 20 percent of this stake in March 2016.[8]

In 2010, construction of the first mine of the Duketon Gold Project, the Moolart Well Gold Mine commenced and completed in 2011, followed by the Garden Well Gold Mine in 2012 and the Rosemont Gold Mine in 2013.[2]

In May 2021, Regis Resources acquired a 30 percent stake in the Tropicana Gold Mine from IGO Limited for A$903 million, with the remaining 70 percent held by AngloGold Ashanti.[9]

Production

Annual production of the company since commencement in 2010–11:[10][11][12][13][14][15][16][1]

Year Gold production
2010–11 81,000 ounces Increase
2011–12 105,000 ounces Increase
2012–13 269,000 ounces Increase
2013–14 272,000 ounces Increase
2014–15 310,000 ounces Increase
2015–16 305,000 ounces Decrease
2016–17 324,000 ounces Increase
2017–18 361,000 ounces Increase
2018–19 363,000 ounces Increase
2019–20 352,000 ounces Decrease
2020–21 373,000 ounces Increase

References

  1. ^ a b c "Regis Resources Annual Report 2021" (PDF). www.asx.com.au. Regis Resources Ltd. 25 October 2021. Retrieved 19 May 2022.
  2. ^ a b c "Regis Resources - About us". regisresources.com.au. Regis Resources Ltd. Retrieved 19 May 2022.
  3. ^ a b "Regis Resources Ltd (RRL)". www.marketindex.com.au. Market Index. Retrieved 19 May 2022.
  4. ^ "Johnson's Well Mining NL Annual Report 2003" (PDF). www.asx.com.au. Regis Resources Ltd. 30 September 2003. Retrieved 19 May 2022.
  5. ^ "Restructuring of the company" (PDF). www.asx.com.au. Regis Resources Ltd. 27 August 2004. Retrieved 19 May 2022.
  6. ^ "Free of Gutnick weight, Well turns around". The Age. Melbourne. 9 August 2004. Retrieved 19 May 2022.
  7. ^ "Regis Resources forges rewarding alliance". The Age. Melbourne. 13 June 2005. Retrieved 19 May 2022.
  8. ^ Latimer, Cole (14 March 2016). "Newmont sells stake in Regis Resources". Australian Mining. Retrieved 19 May 2022.
  9. ^ Zakharia, Nickolas (7 May 2021). "Regis receives final approval for Tropicana acquisition". Australian Mining. Retrieved 18 May 2022.
  10. ^ "Regis Resources Annual Report 2011" (PDF). www.asx.com.au. Regis Resources Ltd. 26 October 2011. Retrieved 18 May 2022.
  11. ^ "Regis Resources Annual Report 2013" (PDF). www.asx.com.au. Regis Resources Ltd. 21 October 2013. Retrieved 18 May 2022.
  12. ^ "Regis Resources Annual Report 2014" (PDF). www.asx.com.au. Regis Resources Ltd. 27 October 2014. Retrieved 18 May 2022.
  13. ^ "Regis Resources Annual Report 2015" (PDF). www.asx.com.au. Regis Resources Ltd. 9 October 2015. Retrieved 18 May 2022.
  14. ^ "Regis Resources Annual Report 2016" (PDF). www.asx.com.au. Regis Resources Ltd. 21 October 2016. Retrieved 18 May 2022.
  15. ^ "Regis Resources Annual Report 2017" (PDF). www.asx.com.au. Regis Resources Ltd. 23 October 2017. Retrieved 18 May 2022.
  16. ^ "Regis Resources Annual Report 2019" (PDF). www.asx.com.au. Regis Resources Ltd. 24 October 2019. Retrieved 18 May 2022.


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