A Regis Resources Buyout of Tropicana Makes Sense -- Market Talk

Dow Jones
Aug 25

0040 GMT - Regis Resources says it's not in advanced talks over any M&A opportunity, but that doesn't stop Barrenjoey from assessing whether buying out its partner in the Tropicana gold mine makes sense. Barrenjoey values Tropicana at A$2.68 billion, implying that the 70% that Regis doesn't already own is worth A$1.88 billion. Analyst Daniel Morgan notes a recent press report that this stake could fetch A$2.5 billion. "Given Regis is trading at a 45% premium to our net present value, it is possible for a potential acquisition on these terms to be value accretive," Barrenjoey says. Also, Regis knows the asset well, so there shouldn't be any surprises. (david.winning@wsj.com; @dwinningWSJ)

 

(END) Dow Jones Newswires

August 24, 2025 20:40 ET (00:40 GMT)

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