Regis Resources Drops as Gold Pulls Back; Focus Shifts to Vault Deal
Regis Resources fell 3.52% to A$5.76 in Sydney Tuesday, with volume at 6.23 million shares as gold stocks slid alongside bullion prices. The company is pursuing an all-scrip takeover of Vault Minerals, offering 0.6947 Regis share per Vault share. The proposed merger would create Australia’s third-largest listed gold producer at about A$10.7 billion, pending shareholder and regulatory approval.