Shares in gold miner Regis Resources have fallen more than five per cent after the company missed its quarterly production targets and flagged lower recovery rates at its Garden Well operation.

Regis shares closed 17 cents, or 5.5 per cent, lower at $2.90.

The company on Tuesday said recovery rates would be constrained in the next quarter after gold production at Garden Well fell to 37,206 ounces in the December quarter, down from 44,475 ounces in the September quarter.

The Perth-based company previously predicted gold production at Garden Well would be 40,000 to 45,000 ounces for the December 2013 quarter.

Regis said the fall was due to complexities around the tie-in and ramp-up of the Rosemont ore flow to the Garden Well wet plant.

“It has become apparent that the current Garden Well mill configuration, prior to completion of the Rosemont stage 2 development in April 2014, is constrained to some degree for gold recovery rates at the current increased throughput rate in excess of six million tonnes per annum,” Regis said in a statement.

The company expects Garden Well production for the March and June 2014 quarters to be between 40,000 and 45,000 ounces until the Rosemont stage Two development is completed and commissioned in the June 2014 quarter.