Red 5 posts production miss

OPERATIONAL issues earlier in the year at Red 5’s flagship Darlot and King of the Hills gold operations have delivered less gold than was expected for the June quarter, with the company falling just shy of its revised 21,000 ounce target, producing 20,707oz.

Red 5 posts production miss Red 5 posts production miss Red 5 posts production miss Red 5 posts production miss Red 5 posts production miss

The KOTH underground is being wound back to allow for a new development

The company had initially hoped to produce 26,000-30,000oz, but struck operational performance setbacks with its aging Darlot crusher and lower than expected grades due to dilution issues.
  • Top News: Vale Terry Grammer. Read more.
  • Top News: SolGold's relationship with BHP, Newcrest not 'soured'. Read more.
  • Top News: Nickel Mines becomes 'new force in global nickel'. Read more.