Australia's Red 5 eyes best day in 3-1/2 wks on affirmed FY24 production view

Vault Minerals

08/01/2024 01:02

** Shares of Red 5  RED.AX  rise as much as 7.1% to A$3, on
track for their best day since Dec. 14 - if current gains hold
    ** Gold miner says on track to achieve upper end of its FY24
production guidance of 195,000 ounces - 215,000 ounces  
    ** Says 1HFY24 production project was 108,026oz with a
strong December quarter production of 53,017oz from the King of
the Hills gold project in Western Australia
    ** Stock climbed 51.2% last year, after losing 29.3% in 2022

 (Reporting by Sneha Kumar in Bengaluru)
 ((Sneha.Kumar@thomsonreuters.com;))