Red 5 Limited (AU:RED) has released an update.
Red 5 Limited reported a strong March 2024 quarter with gold production reaching 50,132 ounces from its King of the Hills project, marking the fourth consecutive quarter exceeding 50,000 ounces. This performance positions the company to hit the upper end of its full-year production guidance, ranging from 195,000 to 215,000 ounces. Additionally, Red 5 has improved its financial health by increasing cash and liquid assets to $58.3 million and reducing net debt to $41.9 million.
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