Regis Resources Limited (RRL) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

I would now like to hand the conference over to Mr. Jim Baer, MD and CEO. Please go ahead. Thanks, Kayleigh. Good morning, everyone, and thanks for joining us for the Regis Resources March quarter FY25 results. Joining me today is our CFO, Anthony Rakiki, our COO, Michael Holmes, and our Head of Investor Relations, Jeff Sansom. As usual, we will refer to some figures and diagrams from the quarterly report released earlier this morning. So please keep that handy as we step through the results. First off, as always, let's start with safety. I am pleased to report that our 12-month moving average lost-time injury frequency rate remains low at just below 0.4 million man-hours per incident. That's well below the WA industry average of 2.2, although that was from a couple of years ago now, given the lag in reporting. But it's still a very strong result for our team. and it reflects the ongoing commitment to continuous improvement and making sure that everyone goes home safely. Now on to performance, we've delivered another solid operational quarter in line with our plans and continue to build our financial strength. Production for the quarter was 89,700 ounces of gold for an all in sustaining cost of 2,538 Aussie dollars per ounce. That result, coupled with the ongoing strength in the gold price, translated into strong margins and another big step forward for our balance sheet. We generated $220 million of operating cash flow and grew our cash and bullion by $138 million. Now, that's before repaying the $300 million term loan ahead of schedule. As a result, Regus is debt-free And that is a milestone well worth celebrating. It's been a long time. And with the new $300 million revolving credit facility in place and undrawn, we've got the financial flexibility to continue exe...