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Unimpressive Siana numbers

PHILIPPINES gold miner Red 5 said its Siana project continues to perform strongly, albeit headline numbers last quarter are masking the performance.

Michael Quinn
Unimpressive Siana numbers

The operation produced 14,431 ounces in the quarter (versus 17,737oz in the previous quarter), with all-in sustaining costs (AISC) put at $A1673 per ounce – with the high AISC attributed to waste removal....

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