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Red 5 Ltd (RED.AX)

RED.AX on Australia Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Gold Fields announces sale of Darlot mine to Red 5
Thursday, 3 Aug 2017 06:03am EDT 

Aug 3 (Reuters) - Gold Fields Ltd ::Sale of Darlot mine to Red 5.Gold Fields Ltd - ‍sale of Darlot mine in Western Australia, through wholly owned unit, to Red 5 Limited for a total consideration of a $18.5 million​.Gold Fields Ltd - ‍deferred consideration may be taken as additional shares in red 5 or as cash at Gold Fields' election​.Gold Fields Ltd - ‍Red 5 intends to undertake a rights issue in order to assist with funding of cash component and general working capital purposes​.  Full Article

Saracen Mineral sells King of the Hills gold mine to Red 5 Ltd
Thursday, 3 Aug 2017 03:01am EDT 

Aug 3 (Reuters) - Saracen Mineral Holdings Ltd :Agreement to sell King Of The Hills.Entered into binding agreement to sell the King Of The Hills gold mine to Red 5 Limited for total proceeds of A$16 million.The consideration for King Of The Hills comprises A$7 million upfront cash; 90 million red 5 shares; escrowed for 12 months;.Red 5 intends to undertake rights issue on 1-for-3 basis at issue price of A$0.05 per share to raise up to A$12.7m .  Full Article

Red 5 Ltd updates on Mindanao Island
Wednesday, 24 May 2017 01:28am EDT 

May 24 (Reuters) - Red 5 Ltd ::Aware of reports that Philippines' President has declared martial law on Island Of Mindanao in response to recent rebel activity.There has been no immediate or anticipated direct impact on Siana gold project.Declaration of martial law is not expected to have any ongoing effect on current operations."There has been no immediate or anticipated direct impact on siana gold project".  Full Article

Red 5 says Greenstone Resources has given notification to Philippines Mines And Geosciences Bureau that mining operations at Siana Gold Project will be suspended
Monday, 17 Apr 2017 06:54pm EDT 

April 18 (Reuters) - Red 5 Ltd :Greenstone Resources has given notification to philippines mines and geosciences bureau that mining operations at siana gold project in philippines will be suspended.  Full Article

Red 5 updates on outcome of audit conducted by DENR on mining operations
Friday, 3 Feb 2017 02:55am EST 

Red 5 Ltd :DENR secretary stated that operator of Siana Gold project, Greenstone Resources Corporation (Red 5's Philippine affiliated co), had passed DENR audit.  Full Article

Red 5 says gold production for December 2016 quarter is forecast at 17,000oz to 20,000oz
Monday, 21 Nov 2016 07:45pm EST 

Red 5 Ltd :Gold production for December 2016 quarter is forecast at 17,000 to 20,000oz.  Full Article

BRIEF-Gold Fields announces sale of Darlot mine to Red 5

* Gold Fields Ltd - ‍sale of Darlot mine in Western Australia, through wholly owned unit, to Red 5 Limited for a total consideration of a $18.5 million​