PRECIOUS METALS

Debt-destroying Red 5 again accelerates payments

RED 5 may or may not be a takeover target in the near future as gold consolidation in Western Australia’s region rumbles along, but the miner’s team has continued to deliver the aim of consistent production and cashflow to pay down debt as quickly as it can.

Red 5 has two underground mines

Red 5 has two underground mines

The miner took on a lot of debt to build the new King of the Hills mill, but the investment is paying off.   While the KOTH and Darlot mines were never going to reach the heights of the June quarter's...

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