0041 GMT - Regis Resources may be able to keep its Duketon gold-mining operation running for longer, contends Macquarie. Regis raised its mineral resource assessment for the Duketon open pit by 979,000 oz and its Duketon underground mine by 110,000 oz. "Following the resource and reserve lift at Duketon we extend the asset life by an average of 3 years for the open pit and underground operations," Macquarie says. "This sees production improvements from FY 2029 out to FY 2032 of 100,000 oz per annum." The extension to Duketon's mine life drives a 7% rise in Macquarie's price target on Regis to A$4.60/share. Regis is up 4.6% at A$4.76/share. (david.winning@wsj.com; @dwinningWSJ)
(END) Dow Jones Newswires
May 20, 2025 20:41 ET (00:41 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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.