CAPITAL MARKETS

Red 5 scales back guidance again

WESTERN Australian gold miner Red 5 has again been forced to scale back its production guidance, this time after issues with the crusher and ball mill at the aging Darlot mill, and lower grades recovered during the switch of bulk mining at the nearby King of the Hills.

Significant overlooked intercepts have been identified at  KOTH.

Significant overlooked intercepts have been identified at KOTH.

The company, which last month cited mine sequencing delays at Darlot as the reason for cutting its March quarter guidance, had maintained its expectation it could produce a combined 110,000-120,000 ounces...

Start a free trial to continue reading this article

Already have an account?

Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

Mining Journal Intelligence Global Leadership Report 2024: Net Zero

Gain insights into decarbonisation trends and strategies from interviews with 20+ top mining executives and experts plus an industrywide survey.

editions

Mining Journal Intelligence Project Pipeline Handbook 2024

View our 50 top mining projects, handpicked using a unique, objective selection process from a database of 450+ global assets.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.