The Motley Fool

Why shares in this ASX gold miner are on the move today

The Regis Resources Limited (ASX: RRL) share price is one to watch in early trade after the gold miner’s latest quarterly update. Regis Resources shares opened morning trade down around 1%, but have since lifted to be trading 1.08% up at the time of writing.

What did Regis Resources announce today?

Regis Resources’ quarterly gold production climbed to 90,849 ounces for the quarter ended 31 December 2019. That represents a 3.67% increase on the September 2019 quarter, as cash flow from operations climbed $17.5 million to $100 million.

Cash and bullion increased by $21.4 million to $168.8 million at the quarter-end as cash costs fell lower.

The Aussie gold miner also recorded a decrease in its all-in sustaining cost (AISC) throughout the period. Regis Resources’ AISC fell 1.22% to $1,219 per ounce in the December quarter, largely due to higher production numbers.

The group’s full-year production guidance remains unchanged with a production range of 340,000 to 370,000 ounces. The AISC is expected to be at the upper end of its $1,125 to $1,195 per ounce guidance range.

Positively, the group’s Duketon Gold Project improved its performance during the quarter. Cash cost before royalties fell to $866 per ounce compared to $914 per ounce in the prior quarter.

Regis Resources cited a higher average gold price, higher mining volumes and drill and blast costs as factors for increasing its AISC for the year.

How has the Regis Resources share price performed recently?

The Regis Resources share price slumped lower in 2019, in what was a disappointing year for shareholders.

The group’s shares fell from $4.91 per share on 4 January to $4.34 per share on 31 December. However, there are signs of a brighter start to 2020.

Shares in the $2.35 billion gold miner are up 8.35% in January to be ahead of the S&P/ASX 200 (INDEXASX: XJO).

That’s a solid start for an ASX 200 stock with a 3.46% dividend yield on offer to investors as well.

Foolish takeaway

The Regis Resources share price is fluctuating on the back of today’s update. However, it’s still doing better than listed rival St Barbara Ltd (ASX: SBM), which has seen its share price drop nearly 3% in early trade.

If ASX gold miners aren't on your buy list then these 3 ASX dividend shares could be a better fit for your 2020 portfolio.

Top 3 Dividend Shares To Buy For 2020

When Edward Vesely -- our resident dividend expert -- has a stock tip, it can pay to listen. With huge winners like Dicker Data (up 126%) and Collins Food (up 79%) under his belt, Edward is building an enviable following amongst investors that are planning for retirement.

In a brand new report, Edward has just revealed what he believes are the 3 best dividend stocks for income-hungry investors to buy now. All 3 stocks are paying growing fully franked dividends giving you the opportunity to combine capital appreciation with attractive dividend yields.

Best of all, Edward’s “Top 3 Dividend Shares To Buy For 2020” report is totally free to all Motley Fool readers.

Click here now to access this free report.

Motley Fool contributor Kenneth Hall has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.

CLICK HERE FOR YOUR FREE REPORT!