Regis reports new resource estimates

Gold miner Regis Resource’s mineral resource estimate has now been estimated at 10.4-million, with the company reporting an ore reserve of 4.8-million, following the acquisition of a 30% interest in the Tropicana gold mine. Regis earlier this month settled the A$903-million purchase of fellow listed Independence Group’s stake in the Western Australian gold mine. “We are pleased to have incorporated Tropicana into our portfolio increasing our total resource to 10.4-million ounces and total reserves to 4.8-million ounces. The Tropicana joint venture (JV) delivers on our strategic objective to grow as a safe, responsible, reliable, long life, low cost gold producer, generating strong financial returns,” said Regis MD and CEO Jim Beyer.