Regis’ March quarter output to fall, FY target unaffected

The share price of gold miner Regis Resources traded 27% lower on Friday as the miner warned of weaker March-quarter production at its Western Australian operations. The ASX-listed miner explained that lower head grades during January and February had hampered gold production at the Garden Well mine, confining ore mining to the Stage 4 area of the pit, where the mined grade has been lower than anticipated.