18/08/2023 09:09

Regis Resources (RRL) $1.50

RRL has endured a tough journey post COVID like many in the sector although their recent poor output and cost guidance has exaggerated the move i.e. The outlook for costs was increased by ~18%. We know from our Weekly Q&A that human nature is to try and buy stocks on the cheap often ignoring why they're cheap in the process. This is one such stock in our opinion that until it can turn its operational performance around is no more than a punt.

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28/07/2023 09:25

Newcrest Mining (NCM) v Regis Resources (RRL)

MM is looking to switch part of our gold exposure from NCM hence when we see fellow gold miner RRL fall -10.8% in one day, while NCM rallies +0.6%, it catches our attention especially when yesterday’s move followed the trend of 2023 which has seen NCM advance +31% while RRL is only up 1.5%.

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07/07/2023 09:29

Regis Resources Ltd (RRL) $1.92

RRL downgraded production guidance in April which explains the stock’s underperformance compared to its peers. We have been advocating buying gold and respective exposures into pullbacks, but when the decline is a result of operational weakness rather than broader macro-economic factors, we become more cautious. That said, when operational issues get ironed out, these are the stocks that can recover the strongest.

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18/04/2023 09:12

Regis Resources Ltd (RRL) $2.15

RRL fell -11.2% yesterday after downgrading production guidance following issues at 3 of their assets in the 3rd quarter plus costs and CAPEX were also revised up. As the share price reaction suggests the update was well short of expectations.

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07/02/2023 08:58

Regis Resources Ltd (RRL) $2.05

RRL has clearly struggled over recent years with more complexity around its operations. While a gold price tailwind would certainly support RRL, we have a clear preference for Evolution (EVN) & Northern Star (NST), while we also like St Barbara (SBM) as a higher-risk speculative play. • While RRL will benefit if our positive view on gold transpires, we have a preference for others in the sector.

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10/11/2022 09:31

Regis Resources Ltd (RRL) $1.78

RRL surged +12.7% as gold came back into vogue with a flurry although we shouldn’t forget how far it has fallen post-Covid as interest rates surged higher. However, we feel as the $US loses its mojo this under-owned and cheap pocket of the market is set to advance strongly and from a risk-reward perspective RRL, and the gold sector in general, looks great.

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06/07/2022 09:37

Emerging Companies Portfolio

The portfolio was off -0.27% in the week against a weak market that fell -1.14%%. Cash remains at around 4% with no changes to the portfolio. Austal (ASB) was the star of the show adding ~30% following a good contract win while Praemium (PPS) +21% and Dubber (DUB) +18.7% bounced strongly. Tyro (TYR) -18.59% and Select Harvest (SHV) -10.44% were the biggest drags.

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05/07/2022 16:54

Regis Resources (RRL) $1.605

RRL +10.69%: a record last quarter helped Regis rally today with the gold miner managing its production better than peers in a tough period. A total of 124koz was produced in the 4th quarter, up 20% QoQ, taking the full year’s production to 437koz, just shy of the midpoint of previous guidance. Costs were higher though and the company expects the average cost for the full year to come...

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15/06/2022 09:32

Regis Resources (RRL) $1.77

With inflation-led volatility taking hold of markets, gold needs to be considered in portfolios as a hedge.  Gold equities are trading at deeply discounted values and the gold-oil ratio is trading at extreme levels at ~15x, an elastic band that will snap back at some point. Regis Resources (RRL) is our pick of the mid-cap gold stocks. They recently upgraded their resource and will likely continue to do so with ongoing drilling...

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24/01/2022 17:00

Regis Resources (RRL) $1.80

RRL -14.29%: came out of a trading halt today following a geotechnical incident at their Rosemont pit. The pit wall fell following heavy rain last week which has caused a significant downgrade to production guidance. While no workers were injured, Regis lowered guidance for the full year by 40koz to 420-475koz for the group. Costs will also rise by around...

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