Regis Resources, a well-known gold mining firm in Australia, plans to expand its production capacity at its Duketon project in Western Australia by developing two new underground mines. Its gold output is anticipated to increase dramatically as a result of this expansion, with an estimated yearly production of 100,000–120,000 ounces of gold beginning in 2027.
The new mines, known as Rosemont Stage 3 and Garden Well Main, are essential to Regis Resources’ plan to expand its underground operations. Jim Beyer, managing director and CEO of the company, made the statement after outlining the strategic growth initiatives in a recent update to investors. The third-biggest gold producer listed on the Australian Securities Exchange (ASX), Regis Resources, is putting itself in a position to sustainably produce 200,000 to 250,000 ounces of gold annually through the operation of four to five underground mines at the Duketon site.
Jim Beyer stressed the region’s continued exploration efforts in addition to the expansion. He remarked, “We also keep looking for other high-value, large-scale open pits throughout our dominant position throughout the Duketon Greenstone Belt.” In order for the corporation to further profit from its significant land holdings within this mineral-rich region, this exploration is essential.
Following several fruitful exploration and drilling initiatives that greatly expanded the company’s gold reserves, the decision to expand was made. Regis has experienced an almost 170% increase in its Duketon reserves between the end of 2022 and the declaration of a maiden underground reserve at its Rosemont project in 2019. The business was able to retrieve 151,000 ounces of gold from their subterranean, emphasizing the productive potential of its mining assets.
Regis plans to invest between A$120 million and A$150 million (about $80 million to $99 million USD) in capital expenditures to build the Garden Well Main and Rosemont Stage 3 mines, indicating a significant financial commitment to these new projects. The first ore extraction is anticipated to take place between July and September of 2026, which will coincide with the start of Regis Resources’ 2027 fiscal year. The mine development has already begun.
In addition to demonstrating Regis Resources’ dedication to increasing output, this expansion shows how confident the company is in both the sustainability of its business practices and the demand for gold globally. It is anticipated that the growth of these mines will significantly strengthen the regional economy in Western Australia, generating a large number of jobs during both the
Regis Resources’ smart move to expand its operations at Duketon puts the firm in a strong position to profit greatly from higher gold prices as the demand for gold continues to be strong globally. This move also lays a solid basis for the company’s future expansion. All things considered, Regis Resources’ development of the Garden Well Main and Rosemont Stage 3 mines is a critical step toward securing its leadership position in the gold mining sector by increasing its production capacity and reaffirming its dedication to sustainable mining methods in one of Australia’s most important mineral regions.
