Regis Resources' Duketon Gold Mine Steadies Amidst Rainfall Challenges, Tropicana Ventures Face Production Pressure

Despite significant rainfall affecting Regis Resources’ Duketon gold mine, the mine has maintained its projected production for the 2023–24 financial year (FY24).

The Duketon area, along with Laverton, has experienced more than 110mm of rain in March, leading to the temporary closure of roads in the Laverton Shire surrounding the mine.

Regis’ Tropicana joint venture also felt the impact of heavy rainfall, with over 310mm falling over a three-day period.

"Despite the exemplary efforts of our on-site team in managing safety concerns, the heavy rainfall led to the suspension of mining activities and disruptions to power supply," Regis reported.

"The processing plant is currently handling stockpiles and underground feed, while mining from the open pits remains limited."

Road closures between Kalgoorlie and Tropicana have further complicated matters, potentially affecting processing if on-site consumables run out before roads reopen.

Consequently, Regis anticipates quarterly gold production to fall within the range of 90,000 to 95,000 ounces (oz).

"While facing these production challenges, Tropicana is expected to approach the lower end of its annual guidance range," Regis noted.

Nevertheless, the expected gold production of 415,000 to 455,000oz for Duketon remains unchanged, along with planned exploration expenditures of $48 million to $55 million and growth capital investments of $85 million to $95 million.