Regis Resources jumps 18.6% for the week as McPhillamys reserve comes back
Regis Resources is set to start Monday’s session in Australia holding onto a big weekly gain. Shares dropped 1.98% on Friday, tracking weaker bullion prices. Stock closed at A$6.94. The company put out a new study for its McPhillamys project in New South Wales, which has been stalled. Regis has put McPhillamys back in its growth column, though only on paper for now. That’s important as it tries to strike an all-share merger with Vault Minerals. The updated study doesn’t resolve the project’s permit or legal issues or move it to construction.