Latest news with #RegisResources
West Australian
21-05-2025
- Business
- West Australian
Regis Resources expands open-pit and underground reserves at Duketon
Regis Resources has expanded both its open-pit and underground ore reserves at Duketon in the northern Goldfields during the past year. Regis told the Australian Securities Exchange this week that Duketon open-pit ore reserves grew to 640,000 ounces across several open pits and stockpiles. The company also said exploration delivered the fifth consecutive year of underground ore reserves growth, with an expansion of 550 per cent since 2019. Duketon underground now had 441,000oz of ore reserves, it said. Overall, across both Duketon and the Tropicana gold mine — which Regis holds 30 per cent of in a joint venture with global mining giant AngloGold Ashanti — Regis had total mineral resources of 7.5 million ounces and ore reserves of 1.7Moz. The ore reserve figure has fallen from 3.5Moz a year ago because that figure included 1.89Moz at the McPhillamys project in New South Wales, which has since become the subject of court action by Regis after former Federal environment minister Tanya Plibersek's rejection of the $1 billion project on Aboriginal cultural heritage protection grounds last August. The 7.5Moz mineral resources figure is an increase on the 7Moz of a year ago. Regis managing director and chief executive Jim Beyer said the latest update reflected the strength of the company's disciplined and systematic investment in exploration and mine planning. 'At Duketon, we've grown open-pit ore reserves and achieved a fifth consecutive year of underground reserve growth, a direct outcome of the team's deep geological insight and focus on converting resources into reserves,' he said. 'Our exploration programs continue to enhance the mineral resource base, and we remain confident in the ongoing potential for further growth and life extension across our portfolio. 'At Tropicana, we've seen strong reserve growth in the underground areas, further reinforcing the long-term value from that operation. 'These outcomes continue to support our long-term strategy to expand our underground portfolio while delivering ongoing reserve conversion and mine-life extension across our existing operations.'
Sky News AU
16-05-2025
- Business
- Sky News AU
ASX 200 surges 0.6 per cent on Friday, adding tens of billions into investors' portfolios on high rate cut hopes
The ASX 200 is on a tear on Friday as investors are buoyed by recent economic data from the US and Australia, pushing the market on its eight-day surge. The index is up 0.6 per cent on hopes the central banks in the US and Australia will cut rates at their next respective meetings, adding almost $20b into the portfolios of traders. Qantas is up three per cent on Friday as it climbs back over $10 again, while Genesis Minerals has jumped 4.9 per cent and Regis Resources has risen 4.2 per cent. Commonwealth Bank of Australia, the ASX's largest company, is up 1.4 per cent while biotechnology company CSL has jumped 4.6 per cent. The surge comes after a mixed bag on Wall Street following US economic data revealing prices paid to producers unexpectedly fell by the most in five years, while April retail sales showed weak consumer demand, pointing to a rate cut at the Federal Reserve's next meeting. It also comes as markets give an 89 per cent chance to a cut in Australia when the Reserve Bank of Australia meets next week despite the Australian Bureau of Statistics on Thursday revealing unemployment continues to sit near historic lows. The tech-heavy Nasdaq dropped 0.2 per cent while the S&P 500 rose 0.4 per cent and the Dow Jones finished up 0.7 per cent on Thursday. Sky News' Business Editor Ross Greenwood said the jump comes as Australian stocks make a "really strong recovery" following Donald Trump's tariff announcements. "After all the Trump tariff stuff caused a big washout in our market, you've got most of it back right now," Greenwood said. London's FTSE 250 rose 0.1 per cent, Germany's DAX jumped 0.7 per cent and the EURO STOXX 50 increase 0.2 per cent. New Zealand's NZX 50 Index is down half a per cent since opening on Friday after rising almost 0.8 per cent on Thursday. Japan's Nikkei 225 has dropped 0.3 per cent on Friday, while South Korea's KOSPI 200 Index is up 0.5 per cent.
Yahoo
20-03-2025
- Business
- Yahoo
With 53% ownership in Regis Resources Limited (ASX:RRL), institutional investors have a lot riding on the business
Significantly high institutional ownership implies Regis Resources' stock price is sensitive to their trading actions 51% of the business is held by the top 14 shareholders Analyst forecasts along with ownership data serve to give a strong idea about prospects for a business Every investor in Regis Resources Limited (ASX:RRL) should be aware of the most powerful shareholder groups. We can see that institutions own the lion's share in the company with 53% ownership. That is, the group stands to benefit the most if the stock rises (or lose the most if there is a downturn). And last week, institutional investors ended up benefitting the most after the company hit AU$2.7b in market cap. The one-year return on investment is currently 94% and last week's gain would have been more than welcomed. Let's delve deeper into each type of owner of Regis Resources, beginning with the chart below. Check out our latest analysis for Regis Resources Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. We can see that Regis Resources does have institutional investors; and they hold a good portion of the company's stock. This can indicate that the company has a certain degree of credibility in the investment community. However, it is best to be wary of relying on the supposed validation that comes with institutional investors. They too, get it wrong sometimes. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Regis Resources' historic earnings and revenue below, but keep in mind there's always more to the story. Investors should note that institutions actually own more than half the company, so they can collectively wield significant power. Hedge funds don't have many shares in Regis Resources. Looking at our data, we can see that the largest shareholder is Van Eck Associates Corporation with 8.0% of shares outstanding. Dimensional Fund Advisors LP is the second largest shareholder owning 6.4% of common stock, and State Street Global Advisors, Inc. holds about 6.1% of the company stock. Looking at the shareholder registry, we can see that 51% of the ownership is controlled by the top 14 shareholders, meaning that no single shareholder has a majority interest in the ownership. While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future. The definition of company insiders can be subjective and does vary between jurisdictions. Our data reflects individual insiders, capturing board members at the very least. Company management run the business, but the CEO will answer to the board, even if he or she is a member of it. I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions. Shareholders would probably be interested to learn that insiders own shares in Regis Resources Limited. This is a big company, so it is good to see this level of alignment. Insiders own AU$39m worth of shares (at current prices). It is good to see this level of investment by insiders. You can check here to see if those insiders have been buying recently. With a 44% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Regis Resources. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies. I find it very interesting to look at who exactly owns a company. But to truly gain insight, we need to consider other information, too. Many find it useful to take an in depth look at how a company has performed in the past. You can access this detailed graph of past earnings, revenue and cash flow. But ultimately it is the future, not the past, that will determine how well the owners of this business will do. Therefore we think it advisable to take a look at this free report showing whether analysts are predicting a brighter future. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
