Red 5 reports third consecutive month of record gold production at King of the Hills Red5
- Australian gold producer Red 5 announced today that its King of the Hills mine, located in Western Australia, has delivered a third consecutive month of record production in May 2023, producing 19,039 ounces of gold .
Red 5 noted that, as previously foreshadowed, the mine completed planned mill and crusher maintenance shutdowns in May, adding that these shutdowns were successful and resulted in four days of zero mill production during the month. Importantly, the company pointed out that its 2H FY2023 production guidance is maintained at 90,000 – 105,000 ounces at an all-in sustaining cost of A$1,750 – A$1,950 per ounce.
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