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- Red 5 (RED) is set to realise its upper production guidance for the second half of FY23
- The company has now hit four consecutive months of record gold production at its King of the Hills mine in Western Australia
- In the June quarter, RED achieved production of 61,705 ounces of gold
- This is up from the 40,867 ounces in Q3
- RED is down 4.88 per cent, trading at 19.5 cents at 2:01 pm AEST
Red 5 (RED) has delivered a fourth consecutive month of record gold production from its King of the Hills mine in Western Australia.
In the June quarter, RED achieved production of 61,705 ounces of gold. This is up from the 40,867 ounces produced in Q3.
The company has produced 102,572 ounces of gold in the first six months of 2023.
The most recent quarter pushed the company towards realising the top end of its second-half FY23 production guidance.
For the month of May, RED produced 24,033 ounces of gold. This trumps May’s production which stood at 19,039.
Red 5 produced its first gold at KOTH mine on June 5 2022 and ramped up to full production in the September quarter of 2022.
RED was down 4.88 per cent, trading at 19.5 cents at 2:01 pm AEST.
