The following is a summary of the Regis Resources Limited (RGRNF) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Regis Resources Limited reported a significant impairment loss of $192 million due to the Section 10 decision affecting the McPhillamys project, leading to a statutory net loss after tax of $186 million.

• Despite the impairment, the company reported a record cash and bullion of $295 million and a record operating cash flow of $475 million, demonstrating strong underlying business performance.

• Underlying EBITDA was reported at $421 million, adjusted for non-cash impairment charges and other one-offs.

Business Progress:

• Regis highlighted impressive results in areas excluding the McPhillamys project, with successful outcomes in safety, diversity, and decarbonisation, particularly at their Duketon operation.

• The company plans to continue focusing on its operational assets in Australia, supporting sustained production and cash flow despite the set-back at McPhillamys.

• Following the hedge book closure, Regis reported enhanced financial performance demonstrating the profitability and cash generation capacity of its asset base.

Opportunities:

• Regis Resources retains a strong cash position which provides flexibility for future investments or returning value to shareholders.

• The potential to capitalize on other assets and explore inorganic growth opportunities remains a strategic focus for the company.

Risks:

• The Section 10 declaration on the McPhillamys project led to the withdrawal of project outcomes and significant financial impairment, demonstrating high regulatory and environmental risks.

• The company's production profile is set to decline over the next five years if no new projects or expansions offset the winding down of the McPhillamys project.

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