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 10%/oz. Regis has seen the benefit of some higher grade deposits and improving production out of their 30% stake in Tropicana however the pit wall falling is a major setback
MM prefers NCM & NST for gold exposure
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