2024-01-24 23:08:05 ET
Regis Resources Limited. ( RGRNF )
Q2 2024 Earnings Conference Call
January 24, 2024, 7:00 PM ET
Company Participants
Jim Beyer - Managing Director and CEO
Anthony Rechichi - CFO
Michael Holmes - Chief Operating Officer,
Conference Call Participants
Alexander Papaioanou - Citi
Andrew Bowler - Macquarie
Alex Barkley - RBC
David Coates - Bell Potter Securities
Daniel Morgan - Barrenjoey
Presentation
Operator
Thank you for standing by and welcome to the Regis Resource Limited quarterly briefing. All participants are in a listen-only mode. There will be a presentation followed by a question-and-answer session. [Operator Instructions]. I would now like to hand the conference over to Mr Jim Beyer, Managing Director and CEO. Please go ahead.
Jim Beyer
Thanks, Lexi. Good morning, everybody, and welcome to the December quarter, December 2023 quarterly update. I'm joined this morning by our CFO, joined this morning with our CFO, Anthony Rechichi, and also with our new Chief Operating Officer, Michael Holmes, who I'm very pleased to say has joined our team. Welcome, Michael.
It's been a very satisfying quarter across a number of areas in our business. First up, on key safety, frequency rate remains well below the industry average as reported by the MERS and WA, with an LTIFR, lost time injury frequency rate of 0.66. And we've continued on with consistent operating performance. Gold production and oil and sustaining costs are right on guidance. For the December quarter overall, we hit plan and produced just over 109,000 ounces of gold at an oil and sustaining cost of AUD 2,133 per ounce.
In fact, all dollars that we talk about today will be Australian dollars. It was another quarter that clearly demonstrates the cash generating capacity of our operating assets as they continue to transition to a cash harvest phase. This, combined with a very significant step of closing out our hedge book in December, means Regis has now very clearly moved into a much stronger state of cash flow generating at current gold price levels and is also fully exposed to the upside potential that exists for the price of gold....
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Regis Resources Limited. (RGRNF) Q2 2024 Earnings Call Transcript