Regis Resources' McPhillamys gold mine project in NSW faces a capital cost blowout from $580m to $960-$1.055bn, jeopardizing its economic viability.
Regis Resources' McPhillamys gold mine project in NSW faces a significant cost blowout, with capital expenditure now estimated at $960m-$1.055bn, nearly double the previous estimate of $580m. Analysts warn the project could become uneconomic due to the increased costs. McPhillamys is a key part of Regis' future growth, aiming to produce 200,000 oz/y of gold over a 10-15 year mine life.
April 03, 2024
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