Red 5 reports a solid March quarter

Junior gold miner Red 5 has reported a steady production quarter in the three months to March, with gold production reaching 24 187 oz, compared with the 26 118 oz produced in the previous quarter.

Gold sales for the March quarter declined slightly from 27 149 oz in the previous quarter, to 23 444 oz, while all-in sustaining costs over the same period increased from A$1 547/oz to A$1 637/oz.