Regis Resources’ Mark Clark cashes out half his stock for over $10m

The Regis CEO has sold more than half of his shares in the goldminer for $10m, his second major sell-off this year.

Regis Resources executive chairman and chief executive Mark Clark at this month’s Diggers & Diggers mining conference in Kalgoorlie-Boulder. (Travis Anderson).

Regis Resources executive chairman and chief executive Mark Clark has cashed out half his stock in the goldminer, reaping over $10 million in the process.

The deal is the second major stock sell-off from Mr Clark this year, following on the heels of an $11m disposal in January as he looks to cash in on the gold sector’s momentum.

On this occasion, Mr Clark offloaded 2.5 million shares at $4.19 a share, raising $10.5m.

In January, he divested 4.5 million shares at $2.44 a share, raising $11m, with the discrepancy in valuation highlighting just how well supported Regis shares have been by the market this year.

After the latest sale, Mr Clark retains 2.46 million shares in Regis (RRL), a quarter of his holding at the start of the year.

At 10.20am (AEST), Regis Resources shares fell 0.7 per cent to $4.12, outpacing a broader market slide of 0.2 per cent.