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Red 5 delivers small gross profit

WESTERN Australian gold miner Red 5 has drawn a line under its transitional 2020-21, revealing that even after all its operational changes and setbacks, it managed to end the financial year nominally in the black.

Haydn Black
Red 5 has been relying on Darlot as its backbone

Red 5 has been relying on Darlot as its backbone

Full-year revenue, fuelled by a healthy gold price, was A$173 million, with production and sales around 76,000 ounces.   Underlying EBITDA was A$12 million and net cashflow was $15 million, delivering...

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