Regis Resources Ltd (STU:RKQ)
€ 1.5675 -0.0035 (-0.22%) Market Cap: 1.20 Bil Enterprise Value: 1.26 Bil PE Ratio: 0 PB Ratio: 1.48 GF Score: 72/100

Q2 2022 Regis Resources Ltd Activities Report Call and Guidance Update Transcript

Jan 24, 2022 / 12:00AM GMT
Release Date Price: €1.1 (-16.43%)
Jim Beyer
Regis Resources Limited - CEO, MD & Director

Thanks, Darcy. Good morning, everyone. And thank you all for joining us on this call to cover both the guidance update we released and the quarterly report we released earlier today. It's certainly been tough few days for the company.

Now just on the guidance update, what's the context? The Rosemont Main Pit is approaching its final stages and was planned for completion before the end of January this year -- sorry, the end of -- it was due to complete by the end of the June quarter. For this reason, the bottom of the pit is narrow, with elevated geotech hazards requiring additional risk management. And I think we've mentioned that in the past on calls. And we have those protocols in place to manage those hazards. Last weekend on Sunday, there was some heavy rain around. And in accordance with the protocols, pit was evacuated and radar monitoring continued. On Monday morning, a rockslide event, approximately 800 tonnes, so not particularly huge, but a slip occurred. And that fell through a number of the debentures and some geotechnical

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