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Regis Resources' (RGRNF) CEO Jim Beyer on Q3 2021 Results - Earnings Call Transcript

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Regis Resources Limited (OTCPK:RGRNF) Q3 2021 Earnings Conference Call April 29, 2021 8:30 PM ET

Company Participants

Jim Beyer – Managing Director and Chief Executive Officer

Conference Call Participants

Alex Barkley – Morgan Stanley Australia

David Coates – Bell Potter Securities

Al Harvey – JPMorgan

Matthew Frydman – Goldman Sachs

Jim Beyer

Good morning, everyone. Thanks for joining us on the Regis Resources March 2021 Quarter Update. I know the quarterly were released earlier today and may, on some occasions, make reference to some of those diagrams. Well, what a quarter and a bit it’s certainly been for us, certainly the bit into the – in April. I’m very pleased to report that our key safety metric continues to improve, as we saw the 12-month moving average lost time injury frequency rate continued to drop.

It dropped 40% from – to 1.4 from 2.4 at the end of the prior quarter in December. This is a great ongoing trend, and we’ll continue to focus on the leadership and the role it’s providing in improving our safety and overall operations. As you’re undoubtedly aware, COVID likes to rear its ugly head periodically to remind us that it’s still there. And the recent community outbreak here in Western Australia did cause some minor conditions for us on site, as we had people who had been in the hotspots. But this was managed well by our protocols and our team on site, and our approach has not really – and that approach really hasn’t altered over the quarter or, in fact, over the year.

To date, there have been no confirmed cases of COVID-19 on the site and the impact to operations into the business have been controlled and well-managed by the team, albeit with the marginal impact on costs. Like many, we now await details of

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Comments (3)

firemanbob0854 profile picture
Now I remember. I think the hedges continue to go out a ways, but it only affects approx 25% of future production.
firemanbob0854 profile picture
How for out do the hedges go? I've forgotton
Darp Research profile picture
Any thoughts on them? I have trouble figuring out why without debt they have ruinous hedges? Just started to look at it.
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