Regis May Find Capex Hurdle Too High to Develop McPhillamys -- Market Talk

Dow Jones04-04

2335 GMT - Capex requirements for Regis Resources's McPhillamys gold project now look so high that Macquarie thinks they could be a real hurdle for its near-term development. Regis has announced an updated definitive feasibility study that estimates capex of A$960 million-A$1.06 billion to bring the mine into production. "In our view, investor focus will swing back to the existing business units where we expect Regis will generate 80% of its capex in free cash flow over the next five years," Macquarie says in a note. The bank removes McPhillamys from its base case for Regis, while retaining an outperform call on the stock. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

April 03, 2024 19:35 ET (23:35 GMT)

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Regis has announced an updated definitive feasibility study that estimates capex of A$960 million-A$1.06 billion to bring the mine into production. \"In our view, investor focus will swing back to the existing business units where we expect Regis will generate 80% of its capex in free cash flow over the next five years,\" Macquarie says in a note. The bank removes McPhillamys from its base case for Regis, while retaining an outperform call on the stock. 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Regis has announced an ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7046","symbol_name":"综合性资本市场","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2424800821","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2424800821","pubTimestamp":1712187300,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2335 GMT - Capex requirements for Regis Resources's McPhillamys gold project now look so high that Macquarie thinks they could be a real hurdle for its near-term development. Regis has announced an updated definitive feasibility study that estimates capex of A$960 million-A$1.06 billion to bring the mine into production. \"In our view, investor focus will swing back to the existing business units where we expect Regis will generate 80% of its capex in free cash flow over the next five years,\" Macquarie says in a note. The bank removes McPhillamys from its base case for Regis, while retaining an outperform call on the stock. 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