Regis Reports Decline in Q4 Gold Output

Mining Weekly reported that Regis Resources Ltd. (ASX:RRL) put out 80,065 ounces of gold during 2014′s fourth quarter. That’s lower than the 88,818 ounces it produced during the previous quarter.

As quoted in the market news:

The Rosemont operation delivered 27 484 oz during the quarter, while the Moolart Well project delivered 25 344 oz.

Production from the Garden Well operation accounted for 27 237 oz of these ounces, compared with the 29 816 oz produced in the previous quarter.

Regis told shareholders on Friday that mill throughput at Garden Well declined during the quarter primarily as a result of a moderate hardening of the ore feed during the quarter, lower mill availability, and the change from steel mill liners to rubber liners in October last year.

Click here to read the full Mining Weekly report.