Latest news with #Regis
West Australian
21-07-2025
- Business
- West Australian
Great Southern sells mining licence in $9 million WA gold belt deal
Gold explorer Great Southern Mining has locked in a blockbuster $9 million deal with heavyweight Regis Resources to sell its Southern Star mining licence in Western Australia's Duketon Greenstone Belt while forging a strategic alliance to unlock the region's untapped riches. The deal sees Regis take full control of the mining licence hosting the Southern Star gold prospect, which is just 3.5 kilometres south of the company's operating 390,000 gold ounce Ben Hur open pit. Regis has forked out an upfront $4 million payment in cash, with up to $5 million more on the table, depending on future gold price movements and resource milestones. It's not hard to see why. Drilling at Southern Star has previously returned some hefty hits, including 68 metres at 1.9 grams per tonne (g/t) gold from 61m and 59m at 2.1g/t gold from 53m, proving the prospect's potential to deliver near-surface ounces. The transaction is structured across three stages - the $4 million upfront payment is just a starter. Stage two includes a further $3 million in cash pegged to gold price levels when mining begins, ranging from $1 million at a $4000 per ounce gold price to a full $3 million if the price stays above $5000 per ounce. With the gold price currently trading at $5157 per ounce, Great Southern could well be in for the full payout. Stage three unlocks an additional $2 million if Regis declares a JORC-compliant reserve greater than 150,000 ounces of gold at the Southern Star prospect. There is more in play than cash in the new deal. Regis has also picked up a first right of refusal on any defined mineral resources up to 1 million gold-equivalent ounces across the remaining 98 per cent of Great Southern's granted tenements in the belt, which span a further 421 square kilometres. To further sweeten the trade, both parties have inked a data sharing alliance aimed at fast-tracking discoveries across Great Southern's grounds, one of WA's hottest greenstone belts. The company plans to use Regis's cash injection to hit the ground hard. Great Southern's Duketon tenure covers major strike lengths across three mineralised corridors with significant exploration upside potential. These include 8km of the Erlistoun Trend, 7km along the Garden Well Trend and 11km between Regis' Rosemont and Ben Hur deposits. All tenements are close to Regis' 10 million tonne per annum processing facilities at Garden Well, Moolart Well and Rosemont. Meanwhile, Great Southern is set to kick off what may be its most exciting drilling campaign yet at its Leichhardt Creek prospect, which is part of the company's flagship Edinburgh gold and copper project in North Queensland. The upcoming program will mark the first time deep diamond drilling has targeted this area, where the company suspects a major porphyry or intrusion-related gold system may lie hidden. The company has partnered with global mining powerhouse Gold Fields Limited, which can earn a 75 per cent stake by investing $15 million over six years. The pair plan to sink three holes up to 800m deep to test two compelling induced polarisation anomalies and uncover the geological truth below. If the drill bit hits its mark, a significant discovery could be just around the corner. With Regis holding the keys to processing and Great Southern holding the frontier land at Duketon, the strategic alignment may set the stage for the next multi-million-ounce discovery in the hugely endowed greenstone belt. The region already hosts the massive Gold Fields-owned Granny Smith gold mine, 40km south, and the Ashanti Gold-owned Sunrise Dam gold operations, just a little further south. Great Southern's balance sheet just got $4 million stronger, its focus is now sharper and with gold trading at record highs, the company looks cashed up and ready to chase its next big score. Is your ASX-listed company doing something interesting? Contact:
The Age
21-07-2025
- Business
- The Age
Great Southern sells mining licence in $9 million WA gold belt deal
Gold explorer Great Southern Mining has locked in a blockbuster $9 million deal with heavyweight Regis Resources to sell its Southern Star mining licence in Western Australia's Duketon Greenstone Belt while forging a strategic alliance to unlock the region's untapped riches. The deal sees Regis take full control of the mining licence hosting the Southern Star gold prospect, which is just 3.5 kilometres south of the company's operating 390,000 gold-ounce Ben Hur open pit. Regis has forked out an upfront $4 million payment in cash, with up to $5 million more on the table, depending on future gold price movements and resource milestones. It's not hard to see why. Drilling at Southern Star has previously returned some hefty hits, including 68 metres at 1.9 grams per tonne (g/t) gold from 61m and 59m at 2.1g/t gold from 53m, proving the prospect's potential to deliver near-surface ounces. 'This transaction is beneficial for both Great Southern Mining and Regis.' Great Southern Mining managing director Matthew Keane The transaction is structured across three stages - the $4 million upfront payment is just a starter. Stage two includes a further $3 million in cash pegged to gold price levels when mining begins, ranging from $1 million at a $4000 per ounce gold price to a full $3 million if the price stays above $5000 per ounce. With the gold price currently trading at $5157 per ounce, Great Southern could well be in for the full payout. Stage three unlocks an additional $2 million if Regis declares a JORC-compliant reserve greater than 150,000 ounces of gold at the Southern Star prospect. Great Southern Mining managing director Matthew Keane said: 'This transaction is beneficial for both Great Southern Mining and Regis. It delivers a strong capital boost to fund aggressive exploration across GSN's highly prospective Duketon tenure, most of which remains underexplored. Meanwhile, Regis is perfectly positioned to leverage the near-term development upside from Southern Star. It's a deal that creates immediate value and sets the stage for new discoveries in the Duketon Belt.'
Sydney Morning Herald
21-07-2025
- Business
- Sydney Morning Herald
Great Southern sells mining licence in $9 million WA gold belt deal
Gold explorer Great Southern Mining has locked in a blockbuster $9 million deal with heavyweight Regis Resources to sell its Southern Star mining licence in Western Australia's Duketon Greenstone Belt while forging a strategic alliance to unlock the region's untapped riches. The deal sees Regis take full control of the mining licence hosting the Southern Star gold prospect, which is just 3.5 kilometres south of the company's operating 390,000 gold-ounce Ben Hur open pit. Regis has forked out an upfront $4 million payment in cash, with up to $5 million more on the table, depending on future gold price movements and resource milestones. It's not hard to see why. Drilling at Southern Star has previously returned some hefty hits, including 68 metres at 1.9 grams per tonne (g/t) gold from 61m and 59m at 2.1g/t gold from 53m, proving the prospect's potential to deliver near-surface ounces. 'This transaction is beneficial for both Great Southern Mining and Regis.' Great Southern Mining managing director Matthew Keane The transaction is structured across three stages - the $4 million upfront payment is just a starter. Stage two includes a further $3 million in cash pegged to gold price levels when mining begins, ranging from $1 million at a $4000 per ounce gold price to a full $3 million if the price stays above $5000 per ounce. With the gold price currently trading at $5157 per ounce, Great Southern could well be in for the full payout. Stage three unlocks an additional $2 million if Regis declares a JORC-compliant reserve greater than 150,000 ounces of gold at the Southern Star prospect. Great Southern Mining managing director Matthew Keane said: 'This transaction is beneficial for both Great Southern Mining and Regis. It delivers a strong capital boost to fund aggressive exploration across GSN's highly prospective Duketon tenure, most of which remains underexplored. Meanwhile, Regis is perfectly positioned to leverage the near-term development upside from Southern Star. It's a deal that creates immediate value and sets the stage for new discoveries in the Duketon Belt.'
USA Today
06-07-2025
- Sport
- USA Today
Previewing the 2025 season for Texas A&M DL Albert Regis with his player profile
As we gear up for the 2025 football season, Aggies Wire is breaking down every player on the Texas A&M roster. Throughout the preseason, each profile will highlight a player's background, their recruiting rankings upon graduating from high school, and their projected role under head coach Mike Elko. The defensive line is somewhat of a question mark after losing three starters to the NFL, with Cashius Howell as the only proven pass rusher returning. The interior line poses another challenge, but veteran Albert Regis is expected to bring intensity and leadership to a young group. Regis had his most productive season yet in 2024, recording 36 tackles, three tackles for loss, and half a sack. His role will be to clog running lanes and increase his pressure on the quarterback. He showed promise last season by batting down seven passes and forcing the QB out of the pocket multiple times. Regis has NFL-level talent, and the Aggies will need every bit of it on the field this year. Preseason Player Profile Recruiting Rankings (Class of 2021) The former three-star prospect brought intriguing traits that made him a valuable asset on both sides of the ball. He held offers from several programs eager to develop his raw intangibles—traits like relentless effort and a standout attitude you simply can't teach. Regis was named 21-6A Sophomore of the Year and earned First-Team All-District honors as a tight end during his junior year. Depth Chart Outlook Albert Regis played a key role along the defensive front in 2024 and is projected to start alongside DJ Hicks, forming an athletic 1-2 punch on the interior. Contact/Follow us @AggiesWire on X and like our page on Facebook to follow ongoing coverage of Texas A&M news, notes, and opinions. Follow Jarrett Johnson on X: @whosnextsports1.
Business Wire
23-06-2025
- Business
- Business Wire
Regis Corporation Announces Leadership Transition
MINNEAPOLIS--(BUSINESS WIRE)-- Regis Corporation (NasdaqGM: RGS), a leader in the haircare industry, today announced that Matthew Doctor has made the decision to step down from his roles as President, Chief Executive Officer and Director of the company effective June 30, 2025. The Board of Directors has appointed Jim Lain, current EVP Brand Operations – Supercuts and Cost Cutters, to serve as interim President and CEO while the company conducts a comprehensive search for a permanent successor. 'On behalf of the Board and everyone at Regis, I want to express our deepest gratitude to Matt for his leadership and steadfast dedication to the success of Regis,' said Mike Merriman, Chairman of the Board. 'Matt initially joined the company in a strategic role and quickly proved to be a transformative leader. He has been instrumental in shaping the company's direction, stabilizing operations, restoring profitability and strengthening our financial position. Thanks to Matt's leadership, the company is on solid financial footing and well-positioned for long-term growth. We are appreciative of his work and wish him continued success in his future endeavors. The Board looks forward to working with Jim and the executive team during this transition as we identify the next leader for this stage of the company's transformation.' 'It has been an honor and a privilege to lead Regis and work alongside such an exceptional and dedicated team,' said Matthew Doctor. 'After thoughtful consideration, I made the decision that now is the right time for me to explore other opportunities upon delivering another year of results and progress. Over the past four and half years that I have been at Regis, we have navigated meaningful change and established a strong foundation for reigniting growth. I am incredibly proud of everything we have accomplished, from improving operational efficiencies and completing a complex refinancing, to acquiring the portfolio of Alline salons. Our recent performance reflects both the strength of our strategy and the commitment of our teams. With the business on solid footing and momentum continuing to build, I believe this is a natural time to pass the baton to the next leader to drive further growth with the incredibly dedicated, passionate Regis team and franchisees. 'As I step down, I reflect on where we are - Regis is built on a strong, interconnected foundation that ensures continuity and progress. The outlook, priorities, and initiatives we outlined in our last earnings call remain firmly in place, supported by a collaborative effort across our leadership team, management, Board of Directors, and our retained consultancy at Forum3, who have been invaluable partners since January. Forum3 is led by Adam Brotman, who is one of the world's leading customer loyalty and engagement experts with over 25 years of experience leading major tech and consumer brands, including his role as Starbucks' inaugural Chief Digital Officer and EVP of Global Retail Operations. The progress we have made has always been the result of a team effort—one that includes the dedication of our employees and the support of our external partners. Our strategy is clear and focused: optimizing and growing the company-owned salon portfolio and advancing the transformation of the Supercuts brand. With this foundation in place, Regis is well-positioned to thrive, adapt, and create long-term value for all stakeholders. I am excited to watch the company continue to grow and succeed in the years ahead.' Succession Planning and Interim Leadership The Board has formed a Succession Planning Committee led by director Susan Lintonsmith and has engaged a leading executive search firm to help identify the next CEO, which will include both internal and external candidates. In the interim, Jim Lain, current EVP Brand Operations – Supercuts and Cost Cutters, will work closely with the executive team and Board to ensure a seamless transition and continued execution of the company's strategic priorities. To ensure a smooth transition, Matt Doctor will be staying on in a support role until September 1, 2025. Mr. Lain joined Regis in 2013, bringing with him more than 30 years of operations leadership experience. Since then, he has spearheaded initiatives that drove operational excellence and enhanced the performance of iconic brands including Supercuts, SmartStyle, Cost Cutters, First Choice Haircutters, Roosters and other legacy names within the Regis portfolio. Prior to Regis, Jim made significant contributions at Gap Inc., where he served as Vice President of Operations for Gap Specialty Stores in the U.S. and Canada. In this role, he was responsible for steering a $2.5 billion business across 750 stores, enhancing operational efficiency and driving growth in a highly competitive market. Prior to his experience with Gap, Jim was Vice President of Operations at Galyan's Trading Company Inc. / Dick's Sporting Goods and held several field management positions at Target Stores Inc. Preliminary Quarter-to-Date Same Store Sales Results for Fourth Quarter The company reports positive preliminary quarter-to-date same-store sales growth of 3.0% for Supercuts and 1.3% on a consolidated basis for the first two months of the fourth quarter of fiscal 2025 as compared with the same periods last year. Month-to-date same-store-sales through June 15, 2025 for Supercuts and Regis Consolidated are also positive as compared with the same period last year. Quarter-to-date operating expenses have remained consistent with the third quarter of fiscal 2025. About Regis Corporation Regis Corporation (NasdaqGM:RGS) is a leader in the haircare industry. As of March 31, 2025, the Company franchised or owned 4,087 locations. Regis' franchised and corporate locations operate under concepts such as Supercuts ®, SmartStyle ®, Cost Cutters ®, Roosters ®, and First Choice Haircutters ®. For additional information about the Company, including a reconciliation of certain non-GAAP financial information and certain supplemental financial information, please visit the Investor Relations section of the corporate website at Preliminary Unaudited Results This press release includes preliminary, unaudited same-store-sales and expense trends for the quarter-to-date of the fourth quarter of fiscal 2025, which represent the most current information available to Company management. The Company's actual results may differ from these preliminary financial results, including due to the completion of its financial closing procedures and final adjustments. This press release contains or may contain 'forward-looking statements' within the meaning of the federal securities laws, including statements concerning anticipated future events and expectations that are not historical facts. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward-looking statements in this document reflect management's best judgment at the time they are made, but all such statements are subject to numerous risks and uncertainties, which could cause actual results to differ materially from those expressed in or implied by the statements herein. Such forward-looking statements are often identified herein by use of words including, but not limited to, 'may,' 'will,' 'believe,' 'project,' 'forecast,' 'expect,' 'estimate,' 'anticipate,' and 'plan.' In addition, the following factors could affect the Company's actual results and cause such results to differ materially from those expressed in forward-looking statements. These factors include a potential material adverse impact on our business and results of operations as a result of changes in consumer shopping trends and changes in manufacturer distribution channels; laws and regulations could require us to modify current business practices and incur increased costs including increases in minimum wages; changes in general economic environment; changes in consumer tastes, hair product innovation, fashion trends and consumer spending patterns; compliance with Nasdaq listing requirements; our ability to realize the anticipated benefits of the Alline Acquisition; reliance on franchise royalties and overall success of our franchisees' salons; our salons' dependence on a third-party supplier agreement for merchandise; our and our franchisees' ability to attract, train and retain talented stylists and salon leaders; the success of our franchisees, which operate independently; data security and privacy compliance and our ability to manage cyber threats and protect the security of potentially sensitive information about our guests, franchisees, employees, vendors or Company information; the ability of the Company to maintain a satisfactory relationship with Walmart; marketing efforts to drive traffic to our franchisees' salons; our ability to maintain and enhance the value of our brands; reliance on legacy information technology systems; reliance on external vendors; the use of social media; the effectiveness of our enterprise risk management program; our ability to minimize risks associated with owning and operating additional salons; ability to generate sufficient cash flow to satisfy our debt service obligations; compliance with covenants in our financing arrangement; premature termination of agreements with our franchisees; the continued ability of the Company to implement cost reduction initiatives and achieve expected cost savings; continued ability to compete in our business markets; potential liabilities related to the employee retention credit received by Alline; changes in trade policies, treaties, tariffs and customs duties and taxes; reliance on our management team and other key personnel; the continued ability to maintain an effective system of internal control over financial reporting; changes in tax exposure; the ability of our Tax Preservation Plan to protect the future availability of the Company's tax assets; potential litigation and other legal or regulatory proceedings; reliance on our management team and other key employees, including successfully recruiting a new chief executive officer as well as retaining our employees during this process, or other factors not listed above. Additional information concerning potential factors that could affect future financial results is set forth under Item 1A on Form 10-K. We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. However, your attention is directed to any further disclosures made in our subsequent annual and periodic reports filed or furnished with the SEC on Forms 10-K, 10-Q and 8-K and Proxy Statements on Schedule 14A.
