Weaker gold price, higher costs and charges sink Regis to A$148m loss

Gold miner Regis Resources has reported a 201% decline in profit for the full year ended June, with the miner swinging to a loss of A$147.8-million, compared with a profit of A$146.5-million in the previous financial year. The loss was ascribed to lower gold prices during the 2014 financial year, as well as higher production costs as the Garden Well and Rosemont openpit operations, in Western Australia, were affected by flooding in February this year.