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Red 5 to receive up to US$55M from Siana sale

Divestment ends 20-year adventure in the Philippines

Haydn Black
31141-1-eng-GB-siana-red-5.jpg

31141-1-eng-GB-siana-red-5.jpg

The company will pocket US$19 million cash from the sale, plus the buyer TVI Pacific will pay out a 3.25% net smelter return royalty on production of up to 619,000 ounces.   Red 5 estimates that could...

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