Regis resumes interim dividend

Regis Resources’ return to good financial health has been confirmed with the declaration of an interim dividend, with the Western Australian gold miner also today announcing changes to its management team.

Subiaco-based Regis has recruited Peter Woodman, who resigned last week as managing director of WCP Resources after six years with that company.

In his new role as chief geological officer, he will replace general manager exploration Jens Balkau, who is retiring from full-time employment.

Executive chairman Mark J Clark said Mr Woodman would focus on further mining inventory increases through discoveries on its current projects, particularly Duketon.

Mr Woodman’s recruitment follows several board changes last October, including the promotion of Mr Clark from managing director to executive chairman, and Nick E Giorgetta moving from chairman to non-executive director.  

Regis also announced today it would pay a 4 cents per share interim dividend, after considering the strong cash flow and profits from the Duketon operations.

This followed payment of a 6 cents per share divided in October 2015, which was a final dividend in respect of the 2014-15 financial year.

Regis had previously suspended payment of both interim and final dividends, as it recovered from operational problems and focused on debt reduction.

Regis shares closed 8 cents higher at $2.39, near to two-year highs.