Red 5 coughs up loss as KOTH poised to commence

DESPITE a strong gold price for the December half, Western Australia-focused gold producer Red 5’s ledger was splashed with red for the six months to December 31, 2021, however the big spending company is on the cusp of a turnaround.

Red 5 coughs up loss as KOTH poised to commence Red 5 coughs up loss as KOTH poised to commence Red 5 coughs up loss as KOTH poised to commence Red 5 coughs up loss as KOTH poised to commence Red 5 coughs up loss as KOTH poised to commence

The new KOTH mill is expected to produce first gold soon

The miner delivered a net loss of almost A$6 million for the period, despite sales of 31,761 ounces of the yellow metal, bringing in revenue of $80 million compared with total spending for the period