More gold miner profiles

Friday, 8 July 2016

From Credit Suisse comes Regis Resources:

Depletion more than offset in updated reserve

■ RRL’s updated RSV and RSC statement shows mining depletion has been fully replaced for a net 6% increase in RSVs to 2.13Moz at 31 March. Results support the modelled mine life assumptions which underpin our valuation and target price, noting we already factor life expectation ahead of RSVs but supported by identified RSC. Target price an unchanged $2.90.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.