Red 5 Limited (AU:RED) has released an update.
Red 5 Limited reported robust results with a quarterly gold production of 108,693 ounces and copper production of 177 tonnes, leading to record annual figures post-merger with Silver Lake. The company boasts a strong financial position, ending the quarter debt-free with cash and bullion reserves of $453.7 million and ongoing exploration to extend mine life. The successful merger and operational excellence have positioned Red 5 as a leading mid-tier gold producer with a focus on future growth and operational optimization.
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