CAPITAL MARKETS

Red 5 punished for guidance downgrade

RED 5 shares took a hit this morning after the gold producer announced lower expected quarterly production from its newly acquired Darlot mine in Western Australia’s Eastern Goldfields.

Kristie Batten
Red 5 punished for guidance downgrade

Red 5 had flagged March quarter production of 16,000-19,000 ounces of gold from Darlot, but output has been impacted by gear and clutch issues at the mill. If milling resumes by the end of the week,...

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